Tower jumps on $1.3b silicon photonics contracts

May 15, 2026 8:45 am | JPost BizTech, Technology

In January, Israel’s Ministry of Defense signed a multi-year contract with Semiconductor Devices valued at approximately $115 million (NIS 380 million).  (photo credit: DEFENSE MINISTRY)
The Israeli chipmaker reported first quarter revenue of $414 million, up 15% from the corresponding quarter of 2025
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