Tower Semiconductor Launched A SWIR Sensor For The Automotive Adas And Industrial Markets
Portfolio Pulse from Benzinga Newsdesk
Tower Semiconductor (NASDAQ/TASE: TSEM) and TriEye have announced the release of a breakthrough Short-Wave Infrared (SWIR) sensor for the automotive ADAS and industrial markets. The new sensor utilizes Tower's advanced BSI Germanium photo-diodes on silicon. The short-wave infrared sensor market is expected to grow at 44% CAGR reaching $2.9B by 2028, according to Yole Group.
August 31, 2023 | 10:05 am
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Tower Semiconductor's new SWIR sensor, developed in partnership with TriEye, could position the company to capitalize on the growing infrared sensor market, expected to reach $2.9B by 2028.
The release of a new product, especially one that taps into a rapidly growing market, is typically a positive development for a company. Given the expected growth of the infrared sensor market, this new product could significantly boost Tower Semiconductor's revenues and profitability in the coming years.
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