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Tower Semiconductor shares jump 13% on Japan expansion to boost silicon photonics capacity

Market News
14 Jul 2026
Proactive Investors
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Bullish
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Tower Semiconductor announced a strategic expansion in Japan to increase its silicon photonics, silicon germanium, and advanced packaging production capacity, supported by $1 billion in Japanese government grants. The expansion includes repurposing existing facilities and building a new 300mm manufacturing plant, aiming for full production by late 2027 and targeting $3.6 billion revenue in 2028. This move addresses growing demand from AI and data center markets and strengthens Japan's semiconductor supply chain. The phased approach reduces risks and is expected to significantly boost profits starting in 2029.

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Dubai's Faster Cars expands sports car rentals for business, tourism, and events with flexible options.

Dubai's Faster Cars expands sports car rentals for business, tourism, and events with flexible options.

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Capital Link releases Q2 2026 Shipping Insights report with key industry trends and executive perspectives.

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Global electric vehicle market to hit $2.74 trillion in 2026 amid rising battery and charging investments

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Revenium completes SOC 2 Type II audit, validating security of its AI cost management platform.

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Lyora Therapeutics launches with $2.5M seed funding to develop genetic medicines for inherited retinal diseases.

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