Tower Semi Forecasts Upbeat Revenue on AI Chip Demand
Tower Semiconductor expects upbeat revenue after signing $1.3 billion in AI chip deals. The firm beat first-quarter estimates on strong data center demand.
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Tower Semiconductor Ltd forecast second-quarter revenue of $455 million after securing $1.3 billion in AI-related silicon photonics deals for 2027. The outlook exceeds LSEG estimates of $436.4 million as demand for high-speed data center processors rises. These long-term contracts provide revenue visibility and validate Tower's position in the AI infrastructure supply chain.
