News Formal

Tower Semiconductor forecasts upbeat Q4 revenue; unveils $350 million investment plan

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

Israeli contract chipmaker Tower Semiconductor forecast its fourth-quarter revenue above estimates on Wednesday, driven by a recovery in demand for its chips, and said it plans to invest $350 million to expand capacities.The U.S.-listed shares of the company were up 7.5 per cent in premarket trading.

FILE PHOTO: The logo of Israeli analog integrated circuits developer, Tower Semiconductor is seen at their offices in Migdal HaEmek, northern Israel, February 28, 2022. REUTERS/Amir Cohen/File PhotoIsraeli contract chipmaker Tower Semiconductor forecast its fourth-quarter revenue above estimates on Wednesday, driven by a recovery in demand for its chips, and said it plans to invest $350 million to expand capacities.

Slowing growth in demand for electric vehicles has kept inventory levels for chips used in the automotive industry at elevated levels. Tower Semiconductor expects to report fourth-quarter revenue of $387 million, with an upward or downward range of 5 per cent, beating analysts' expectations of $379.2 million, data compiled by LSEG shows.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 6. in İN
 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Las Vegas Sands flags $10.6b investment to develop fourth tower at Marina Bay SandsThe project was initially announced in April 2019 at a cost of US$3.3 billion.
स्रोत: straits_times - 🏆 5. / 69 और पढो »