On May 13th, Tower Semiconductor, a globally acclaimed wafer foundry, declared that it had inked a long-term silicon photonics technology agreement with a pivotal customer, with the total contract value reaching $1.3 billion (equivalent to approximately RMB 8.821 billion). This order is anticipated to bolster the company's revenue by 2027, thereby establishing a robust groundwork for its subsequent performance expansion. Presently, Tower Semiconductor has already secured an advance payment of $290 million for production capacity.
