Tower Semiconductor Collaborates with Renesas to Manufacture SiGe-based Beamforming ICs for Tier-1 Customers in Satcom, 5G, and Aerospace & Defense Applications
Portfolio Pulse from Benzinga Newsdesk
Tower Semiconductor (TSEM) has announced a collaboration with Renesas to manufacture SiGe-based beamforming integrated circuits (ICs) using Tower's SiGe BiCMOS technology. This partnership is strategic for Renesas, as its beamforming products have secured design wins with major global players in the 5G, satellite communications (satcom), and Aerospace & Defense sectors, establishing Renesas as a leader in these markets.
January 16, 2024 | 11:08 am
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Tower Semiconductor's collaboration with Renesas to manufacture SiGe-based beamforming ICs for various high-growth sectors could potentially increase demand for Tower's SiGe BiCMOS technology and strengthen its market position.
The collaboration with Renesas is likely to have a positive impact on Tower Semiconductor's short-term stock performance. The partnership targets high-growth areas such as 5G, satcom, and Aerospace & Defense, which are expected to see increased demand. The announcement of design wins with key players suggests strong market acceptance and potential revenue growth, which investors may view favorably.
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