Tower Semiconductor Posts Upbeat Revenue Forecasts on Data-Center Boom, Shares Rise

Tower Semiconductor Forecasts Quarterly Revenue Above Estimates on Data ...

Tower Semiconductor forecasts quarterly revenue above estimates on data-center boom

(Reuters) -Israeli contract chipmaker Tower Semiconductor forecast fourth-quarter revenue above estimates on Monday, driven by strong demand for its specialty analog chips used in data centers and artificial intelligence infrastructure. The company expects quarterly revenue of $440 million, plus or minus 5%, compared with analysts’ average estimate of $434.4 million, according to data compiled by LSEG. Tower, whose U.S.-listed shares were up 4.4…

Tower Semiconductor posts upbeat revenue forecasts on data-center boom, shares rise

Israeli contract chipmaker Tower Semiconductor on Monday forecast fourth-quarter revenue above estimates, banking on strong demand for its chips used in data centers and AI infrastructure, sending its U.S.-listed shares up 15 per cent.The shares hit their highest in more than two decades following th

Equinix to Splash $22m on LG3 Data Centre in Lagos

By Modupe Gbadeyanka A new high performance data centre is expected to be built by Equinix in Lagos. It will be named LG3, a statement from the digital infrastructure company disclosed. The project, it was revealed, will gulp about $22 million. The data centre will support global connectivity to West Africa with Equinix Fabric. It […]

Equinix Announces Plans for New $22 Million Data Center in Lagos, Nigeria

Equinix Announces Plans for New $22 Million Data Center in Lagos, Nigeria