Tower Semiconductor, Semtech expand partnership for AI data center demand
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- Tower Semiconductor (TSEM) and Semtech (SMTC) have expanded their 20-year partnership through a multi-year agreement to secure dedicated silicon germanium manufacturing capacity for AI data center connectivity products.
- Under the agreement, Semtech (SMTC) will invest in dedicated capacity across Tower’s fabs in the U.S., Israel and Japan to support demand for its optical and copper interconnect components.
- The companies will also collaborate on technology development for next-generation data center connectivity, including 800G, 1.6T and 3.2T technologies.
- TSEM stock price increased about 4% on Tuesday pre-market hours, while SMTC traded 1% lower.
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