Tower Semiconductor Forecasts Upbeat Revenue After $1.3 Billion in AI Chip Deals
Tower Semiconductor forecast upbeat quarterly revenue and said it signed $1.3 billion in AI chip deals, building on what it earlier described as a strong start to 2026.
The agreements include $1.3 billion of silicon photonics contracts tied to 2027 revenue. Tower also reported $290 million in customer prepayments for capacity reservations and said larger 2028 wafer commitments are already being secured as it expands silicon photonics manufacturing capacity and develops next-generation 400GHz/lane optical solutions for AI infrastructure, optical connectivity and high-speed switching demand.
From the sources (4 posts)
@aleabitoredditJust in case you were wondering $TSEM reported extra prepayment ($290M) to secure capacity. Downstream foundry capacity squeeze directly translates to an immense demand for raw substrates upstream with $SOI (more revenue). My optical pic
@thetranscript_Tower Semiconductor CEO: "We delivered a strong start to 2026, with broad-based year-over-year revenue growth across our key technology platforms..." $TSEM: +18% Pre-Market
@reutersTower Semi forecasts upbeat quarterly revenue, signs $1.3 billion in AI chip deals
@sam_badawi$TSEM Tower Semiconductor signed $1.3B worth of silicon photonics contracts tied to 2027 revenue and received $290M in customer prepayments for capacity reservations, with even larger 2028 wafer commitments already being secured. The compa