Tower Semiconductor’s Q4 revenue declines due to decreasing demand for automotive chips

News
Financial results
ATI News Team

Revenue for the full year of 2023 was $1.42 billion

In a press release on Feb. 14, Tower Semiconductor, an Israel-based contract chipmaker, reported revenues for the fourth quarter of 2023 at $352 million, as compared with $403 million for the fourth quarter of 2022.

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