{"id":278983,"date":"2026-02-11T16:46:10","date_gmt":"2026-02-11T16:46:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/278983\/"},"modified":"2026-02-11T16:46:10","modified_gmt":"2026-02-11T16:46:10","slug":"tower-semiconductor-beats-quarterly-profit-estimates-on-ai-driven-chip-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/278983\/","title":{"rendered":"Tower Semiconductor beats quarterly profit estimates on AI-driven chip demand"},"content":{"rendered":"\n<p class=\"yf-vbsvxt\">Feb 11 (Reuters) &#8211; Israeli contract chipmaker Tower Semiconductor beat Wall Street expectations for fourth-quarter profit on \u200cWednesday, helped by demand for its chips designed \u200cfor fast data transmission in <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> infrastructure.<\/p>\n<p class=\"yf-vbsvxt\">U.S.-listed shares of the company \u200bwere up nearly 4% in early trading.<\/p>\n<p class=\"yf-vbsvxt\">Demand for Tower&#8217;s silicon photonics technology, which transmits data at high speeds using light, has made it an important supplier as data \u200ccenter operators race \u2060to build infrastructure capable of handling complex AI workloads.<\/p>\n<p class=\"yf-vbsvxt\">The company is making an additional $270 million \u2060investment in equipment for silicon photonics chips, it said on Wednesday, taking the total spending on the high-speed technology \u200bto $920 million.<\/p>\n<p class=\"yf-vbsvxt\">Tower \u200baims to make over \u200bfive times as many \u200cof these chips per month by the end of 2026 as it shipped in late 2025, CEO Russell Ellwanger said, adding that customers have already agreed to buy that additional volume.<\/p>\n<p class=\"yf-vbsvxt\">The company forecast first-quarter revenue of $412 million, \u200cplus or minus 5%, compared with \u200bestimates of $408.4 million, according to \u200bdata compiled by LSEG.<\/p>\n<p class=\"yf-vbsvxt\">It \u200breported revenue of $440.2 million for the fourth \u200cquarter, compared with estimates of $439.8 \u200bmillion.<\/p>\n<p class=\"yf-vbsvxt\">Adjusted profit \u200bfor the quarter came in at 78 cents per share, beating estimates of 68 cents per share.<\/p>\n<p class=\"yf-vbsvxt\">Tower \u200balso makes analog \u200csemiconductor wafers for other companies in the U.S., \u200bIsrael, Japan and Italy.<\/p>\n<p class=\"yf-vbsvxt\">(Reporting by Anhata Rooprai in \u200bBengaluru; Editing by Sahal Muhammed)<\/p>\n","protected":false},"excerpt":{"rendered":"Feb 11 (Reuters) &#8211; Israeli contract chipmaker Tower Semiconductor beat Wall Street expectations for fourth-quarter profit on \u200cWednesday,&hellip;\n","protected":false},"author":2,"featured_media":278984,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,14868,8383,141907,111,139,69,47015,145,156596],"class_list":{"0":"post-278983","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-data-center","12":"tag-data-transmission","13":"tag-fourth-quarter-profit","14":"tag-new-zealand","15":"tag-newzealand","16":"tag-nz","17":"tag-silicon-photonics","18":"tag-technology","19":"tag-tower-semiconductor"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/278983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=278983"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/278983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/278984"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=278983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=278983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=278983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}