๐ Tower Semiconductor $TSEM rockets +19% premarket on $3B Japan AI chip expansion
Tower Semiconductor ($TSEM) is surging ~19% premarket after announcing a $3 billion capacity expansion in Japan, backed by $1 billion in government grants from Japan's METI. The deal expands 300mm silicon photonics and AI chip manufacturing, with full ops expected by Q4 2027. Tower also raised its 2028 revenue target to $3.6B and bumped 2026 capex guidance to $920M. Is $TSEM the under-the-radar AI chip play you've been missing? Not financial advice.
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