Tower Semi forecasts upbeat quarterly revenue, signs $1.3 billion in AI chip deals

Tower Semiconductor anticipates exceeding second-quarter revenue expectations. The company has secured significant deals worth $1.3 billion for 2027, focusing on chips for artificial intelligence data centers. These advancements are driven by robust demand for their specialised processors. Tower Semiconductor is confident in its financial targets for 2028, projecting substantial annual revenue and net profit.