🟢 Tower Semiconductor is trading 4.1% up today on Japan silicon photonics expansion momentum

Tower Semiconductor is trading 4.1% higher at $236.50 in pre-market, extending Monday’s rebound following the announcement of a major strategic expansion in Japan.

• The $3 billion silicon photonics and SiGe expansion is backed by a $1 billion government grant, significantly boosting the company's long-term production capacity.
• Investors are pricing in higher demand from the AI and data-center sectors, leading to upgraded long-term revenue and profit forecasts.