Tower Semiconductor forecasts quarterly revenue above estimates on steady wireless chip demand
Israel
Contract chipmaker Tower Semiconductor forecast second-quarter revenue above Wall Street estimates on Wednesday, driven by strong demand for wireless communication and power management chips. The Israel-based company specializes in analog and mixed-signal semiconductor manufacturing, catering to industries such as automotive, industrial, consumer electronics and communications. While demand from key industries such as automotive has been choppy in recent quarters, with inventory corrections and
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