Tower Semiconductor announces a $3 billion expansion of its 300mm manufacturing operations in Japan, supported by government grants. Multiple outlets report that the company plans the investment as a multi-track build-out intended to increase capacity for silicon photonics and related optical components used in high-demand applications, including AI data centers. Yahoo Finance and Channel NewsAsia describe the investment as being backed by Japanese government support, with The Next Web adding that the company expects to receive about $1 billion in grants, making the net cost roughly $2 billion. Seeking Alpha reports the company also raises its longer-term targets, including goals for 2028, in connection with the expansion plan. The announcements link the capacity increase to constraints in the market for optical components and highlight Japan’s role in supporting the project through grants. The company’s shares are reported to rise following the announcement in one outlet, reflecting investor reaction to the scale of the plan and the updated outlook.
Tower Semiconductor to invest $3 billion in Japan expansion supported by government grants
Tower Semiconductor announces a $3 billion expansion of its 300mm manufacturing operations in Japan, supported by government grants. Multiple outlets report that the company plans the investment as a...
- Tower Semiconductor plans a $3 billion expansion of its 300mm operations in Japan.
- The expansion is aimed at increasing silicon photonics/optical component capacity.
- The project is supported by Japanese government grants, reported as about $1 billion (netting to roughly $2 billion).
- Tower Semiconductor announces updated longer-term targets, including for 2028.
- Shares reportedly rise after the announcement.
Tower Semiconductor said on Tuesday it will spend roughly $3bn expanding its 300mm operations in Japan, net of about $1bn in grants from the Japanese government, in a two-track build-out aimed squarely at the optical components that AI data centres are consuming faster than anyone can make them. The announcement, made with the backing of Japan’s […] This story continues at The Next Web
1 month ago
Milei warns of sanctions for oil firms working off the Falklands amid renewed Argentina claim
Argentine President Javier Milei says he will impose sanctions on offshore oil companies operating in waters around the...
U.S. unveils “Operation Economic Outcast” sanctions campaign targeting Iran’s economic links
The United States announces “Operation Economic Outcast,” a sanctions-driven campaign described by Treasury Secretary Sc...
Volkswagen board approves 50,000 more job cuts as part of major restructuring
Volkswagen’s supervisory board approves a “comprehensive” restructuring that includes 50,000 additional job cuts, expand...