https://www.reuters.com/article/us-towerjazz-results/chipmaker-towerjazz-second-quarter-profit-drops-less-than-forecast-to-expand-capacity-idUSKCN1UO0VV

Chip manufacturer TowerJazz posted a drop in second quarter profit as revenue fell due to a price cut for a renewed contract, and said it would invest $100 million to expand production capacity at a plant in Japan to meet growing demand.