Weekly Recap: 2028 targets raised and Arai Fab 6 to 300mm silicon photonics

Tower Semiconductor Ltd (NASDAQ:TSEM) raised its 2028 targets to $3.6B revenue and $1.2B net income while announcing conversion of Arai Fab 6 to 300mm silicon photonics and advanced packaging to boost capacity and unit economics, sending U.S.-listed shares up over 18% premarket.

Previous Week Recap

• Tower Semiconductor Raises Targets: Tower Semiconductor (TSEM) raised its 2028 targets to $3.6B revenue and $1.2B net income, up from prior $2.8B/$750M; U.S.-listed shares jumped over 18% premarket.
• Arai Fab 6 To 300mm Silicon Photonics: Tower Semiconductor to convert Arai Fab 6 to 300mm silicon photonics and advanced packaging, targeting full production readiness in Q4 2027 to boost capacity and unit economics.

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