Reports Q3 revenue $396M, consensus $394.98M. Russell Ellwanger, Chief Executive Officer of Tower Semiconductor (TSEM), stated: “We are in the best position, our core technologies – Power Management, Image Sensors and 65nm RF Mobile, – each demonstrating year over year revenue growth. This is an excellent foundation, on top of which our number one position in SiGe and SiPho technologies for optical transceivers, combined with data center surging demand, gives Tower a present and future pathway for unprecedented growth – both top and bottom line, given the accretive margins of these value-add solutions.”
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