Chipmaker TowerJazz second-quarter profit drops less than forecast, to expand capacity
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.
Chipmaker TowerJazz second-quarter profit drops less than forecast, to expand capacity
Jul 29, 2019, 11:18am UTC
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.