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Tower Semi forecasts stronger quarterly revenue as it locks 1.3 billion in AI chip deals
Technology
Published on 13 May 2026
The 1.3 billion deals are tied to AI data centers
Tower Semiconductor expects to beat its second-quarter revenue target and says it has won $1.3 billion in AI chip deals for 2027. The contracts target specialized processors for AI data centers, reflecting rising demand. Looking ahead to 2028, the company remains confident about hitting ambitious revenue and net profit goals as its technology ramps.
- Tower Semi expects to exceed second-quarter revenue expectations
- Company has $1.3 billion AI chip deals lined up for 2027
- Deals focus on processors for AI data centers
- Management is confident in 2028 revenue and net profit targets
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times