Tower Semiconductor's stock has surged nearly 44% in the past month, driven by strong growth in silicon photonics and a strategic expansion in Japan. Benchmark raised its price target to $230, citing long-term growth potential from Tower's planned restructuring and capacity expansion, though gains are expected by 2028-2029. Key drivers include a dominant position in silicon photonics for optical transceivers, a major fab expansion in Japan, and solid profitability growth. Risks include high capital expenditure and cash flow challenges, but the outlook remains positive if demand and project milestones are met.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
