Tower (TSEM) has released an update.
Tower Semiconductor has reported a strong second quarter for 2024, with revenues climbing to $351 million, a notable increase from $327 million in the previous quarter. Profits also saw a healthy rise, with gross profits reaching $87 million and net profits at $53 million, reflecting both sequential growth and successful restructuring efforts. Optimistically, the company anticipates continued growth with a revenue forecast of $370 million for the upcoming quarter.
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