TSEM · Tower Semiconductor Ltd.
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That forecast points to continued demand, with management expecting $2 billion in 2026 sales. Silicon photonics sales could reach a $1.1 billion yearly pace in the fourth quarter, and customer contracts extend through 2029. Capital spending exceeded cash from operations, which limits how much cash the business generated after expansion spending. Tower also had $251 million in cash and $1.22 billion in short-term deposits.