Reported 27 days ago
Tower Semiconductor has projected its third-quarter revenue to surpass Wall Street estimates, thanks to steady demand for its chips in automotive and industrial applications. The company's shares rose by 5% in early trading, boosted by increased interest in its advanced technologies for optical fiber communications essential for AI and data center infrastructures. The forecast stands at $395 million, compared to analysts' expectations of $392.5 million.
Source: YAHOO