Tower Semiconductor Rallyes on Strong Q1, Record Q2 Guide and $1.3B Silicon Photonics Contracts
Tower Semiconductor shares jumped sharply after the Israeli analog foundry reported better-than-expected first-quarter results, issued a record-setting revenue forecast for the current quarter, and disclosed $1.3 billion in silicon photonics contracts for 2027 that included $290 million in upfront payments. The company also received an upgraded out…