(Reuters) -Israeli contract chipmaker Tower Semiconductor forecast fourth-quarter revenue above estimates on Monday, driven by strong demand for its specialty analog chips used in data centers and artificial intelligence infrastructure. The company expects quarterly revenue of $440 million, plus or minus 5%, compared with analysts' average estimate of $434.4 million, according to data compiled by LSEG. Tower, whose U.S.-listed shares were up 4.4% in premarket trading, has been gaining share in fast-growing segments such as Radio-Frequency (RF) infrastructure as well as other cloud network and data transmission-related platforms. The company has been expanding its manufacturing capacity across Israel, U.S., Italy and Japan. Tower manufactures analog and mixed-signal semiconductors for custo
Tower Semiconductor forecasts quarterly revenue above estimates on data
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