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Tower Semiconductor Raises Forecasts on AI and Data Center Demand Surge

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Tower Semiconductor, the Israeli-based contract chipmaker, forecast fourth-quarter revenue above market expectations, driven by booming demand for chips used in data centers and AI infrastructure. The announcement sent the company’s U.S.-listed shares up 15%, reaching their highest level in over two decades after a 63% surge this year.

The company said it expects revenue of around $440 million, plus or minus 5%, surpassing analysts’ estimates of $434.4 million, according to LSEG data.

CEO Russell Ellwanger attributed the growth to strong demand for Tower’s analog and mixed-signal semiconductors, which are widely used in automotive, industrial, and communications technologies. He added that the company’s Silicon-Germanium and Silicon Photonics technologies — essential for high-speed optical data transmission — are key growth drivers as global data center expansion accelerates.

Tower also announced an additional $300 million investment to expand its manufacturing capacity and advance next-generation chip capabilities across Israel, the United States, Italy, and Japan.

For the third quarter ended September 30, Tower reported revenue of $395.7 million, slightly above forecasts, and adjusted earnings of 55 cents per share, topping estimates of 54 cents.

The results highlight the semiconductor industry’s ongoing shift toward AI-driven infrastructure, where specialized chips for data transmission and network performance are becoming vital to global tech ecosystems.

Tsavorite Secures $100 Million in Pre-Orders for Next-Gen AI Chips

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AI startup Tsavorite Scalable Intelligence announced it has secured over $100 million in pre-orders from enterprises and cloud providers across the U.S., Asia, and Europe for its next-generation AI chips, designed to scale complex artificial intelligence workloads efficiently.

The company said demand has been particularly strong for its Omni Processing Unit (OPU) — a new compute architecture that integrates CPU, GPU, memory, and connectivity into a single device. This unified design allows the hardware to be reconfigured for diverse applications, addressing challenges in power efficiency, scalability, and cost that have become central to AI infrastructure development.

Founded in 2023 by former Intel and semiconductor industry veterans, Tsavorite aims to deliver its first AI chips and enterprise-class AI systems by next year. These devices will support agentic AI workflows — autonomous, multi-step AI processes that require high efficiency and interoperability between compute layers.

“We’ve built the first truly composable, developer-friendly AI platform that delivers step-change gains in efficiency, cost, and scale from edge to hyperscale,” said CEO Shalesh Thusoo.

The company is partnering with Samsung Foundry, using its SF4X platform solution to fabricate the OPU. Tsavorite declined to reveal its valuation or total funding raised so far, but analysts say the pre-orders highlight surging demand for specialized AI chips that can handle increasingly complex data center workloads.

CoreWeave Cuts Revenue Forecast After Data Center Delay, Shares Drop

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CoreWeave (CRWV.O), a cloud infrastructure company backed by Nvidia, trimmed its annual revenue forecast on Monday after delays at a third-party data center partner disrupted operations, overshadowing strong quarterly results driven by soaring demand for AI computing services.

Shares fell more than 6% in extended trading, after Chief Financial Officer Nitin Agrawal forecast 2025 revenue between $5.05 billion and $5.15 billion, down from a previous estimate of $5.15 billion to $5.35 billion. Analysts had expected around $5.29 billion, according to data from LSEG.

CoreWeave said the customer impacted by the delay agreed to extend the contract’s expiration date, ensuring the total deal value remains intact, though the company did not name the client.

Despite the setback, the company posted a strong September quarter, with revenue more than doubling to $1.36 billion, beating Wall Street expectations of $1.29 billion.

CoreWeave has emerged as a major infrastructure provider for AI-driven workloads, securing high-profile contracts such as a $14 billion deal with Meta Platforms and a $6.5 billion partnership with OpenAI, both of which rely on its vast GPU-powered cloud network.

Once focused on Ethereum mining, CoreWeave has successfully repurposed its powerful GPU infrastructure to fuel the global AI cloud boom. However, its rapid growth has also exposed challenges — including rising chip prices, competition for computing capacity, and high expansion costs.

The company now expects to more than double capital spending next year, investing between $12 billion and $14 billion to meet surging demand.

CoreWeave shares have more than doubled since going public earlier this year at $40 per share, giving the firm a market capitalization above $50 billion, though its operating margin slipped to 16% in Q3 from 21% a year earlier.