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The disclosed multi-year InP epiwafer supply agreement and IP dispute resolution provide immediate positive signal on supply certainty and collaboration with IQE, likely supporting a short-term price bump for TSEM as investors price in potential volume gains and reduced risk.
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Tower Semiconductor jumped in pre-market after IQE and Tower disclosed a multi-year InP epiwafer supply agreement aimed at AI-driven data-centre optical connectivity, while resolving prior IP disputes. The deal improves supply certainty for Tower’s advanced photonics wafers and reduces IP-related risk, potentially expanding addressable volumes and boosting near-term sentiment in AI hardware markets.
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