Tower Semiconductor and InnoLight Partner to Develop Multi-Generation Silicon Photonics Based Optical Transceivers
Portfolio Pulse from Benzinga Newsdesk
Tower Semiconductor (NASDAQ/TASE: TSEM) and InnoLight Technology have announced a collaboration to develop multi-generation high-speed optical transceivers based on Tower's Silicon Photonics process platform. The partnership is expected to support the growing demands of AI, datacenters, and next-generation telecom networks. The silicon photonic die market is projected to grow at 22% CAGR, reaching nearly half-a-billion dollars by 2027.
September 07, 2023 | 10:01 am
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Tower Semiconductor's partnership with InnoLight Technology to develop high-speed optical transceivers could boost its position in the growing silicon photonic die market, projected to reach nearly $500M by 2027.
The partnership with InnoLight Technology allows Tower Semiconductor to develop products that cater to the growing demands of AI, datacenters, and next-generation telecom networks. This could potentially increase its market share in the silicon photonic die market, which is expected to grow significantly in the coming years.
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