Tower Semiconductor announced a $3B Japan expansion backed by $1B in METI grants, targeting silicon photonics capacity for AI data centers by late 2027.

Tokyo, July 14 (Jiji Press)--Japan's industry ministry said Tuesday that it will provide up to 159 billion yen in subsidies to the Japanese unit of Israel's Tower Semiconductor…

Tower Semiconductor will spend about $3bn expanding 300mm silicon photonics capacity in Japan, net of $1bn in grants from the Japanese government.