Tower Semiconductor reports capex investments for growth

The company said, “SiPho and SiGe demand continues to grow, and hence aligned with key customers, in addition to the previously announced and presently acting upon $650M CapEx plans, the Company is further executing on an additional $270M of equipment investment for SiPho capacity and next generation capabilities, resulting in a total of $920M SiPho and SiGe investments. The Company targets installation and full qualification of the entirety of the CapEx to be completed in the fourth quarter of 2026, enabling full starts commencing 2027. This total capacity is targeted to be greater than 5X of the fourth quarter 2025 annualized wafer shipment run-rate. Over 70% of the total SiPho capacity is either presently reserved or in the process of being reserved through 2028, firmly backed with customers’ prepayments.”