• Tower Semiconductor is trading 16.1% up at $266.70 after announcing a dual-track strategic expansion of its 300mm Silicon Photonics and Silicon Germanium capacity in Japan.
  • The expansion is supported by a $1 billion grant from the Government of Japan and targets $3.6 billion in revenue and $1.2 billion in net profit by 2028.
  • This significant investment is designed to meet rapidly growing long-term customer demand and extends the company's technology leadership.