Reports Q4 revenue $352M, consensus $350M. Russell Ellwanger, Chief Executive Officer of Tower Semiconductor, stated: “We left 2023 with multiple powerful doors having been opened, catalyzed through the unrealized merger deal. Tower is in the best position in its history, based upon financial strength, technical offerings, operational performance, and growing capacity, backed by strategic customer partnerships, the strength of which cannot be overstated.” Ellwanger further commented: “We are seeing a rebound in several market segments, driving sequential revenue growth throughout the year.”
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