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

Short summary

Tower Semiconductor forecasts beating Q2 revenue after securing $1.3 billion in AI chip deals for 2027. Strong demand for specialized data center processors drives confident 2028 projections. This signals sustained infrastructure spending in the AI chip market.

• •$1.3B in AI chip deals secured for 2027
• •Exceeding Q2 revenue expectations
• •Confident 2028 financial projections

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