Chipmaker TowerJazz second-quarter profit tops forecast, to expand capacity

Chipmaker TowerJazz second-quarter profit tops forecast, to expand capacity

5 years ago
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https://www.reuters.com/article/us-towerjazz-results/chipmaker-towerjazz-second-quarter-profit-tops-forecast-to-expand-capacity-idUSKCN1UO0VV

Israeli chip manufacturer TowerJazz reported a less than expected drop in second quarter profit 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 tops forecast, to expand capacity

Jul 29, 2019, 9:24am UTC
https://www.reuters.com/article/us-towerjazz-results/chipmaker-towerjazz-second-quarter-profit-tops-forecast-to-expand-capacity-idUSKCN1UO0VV >Israeli chip manufacturer TowerJazz reported a less than expected drop in second quarter profit and said it would invest $100 million to expand production capacity at a plant in Japan to meet growing demand.