Question · Q4 2025
Tyler, on behalf of Richard Shannon, asked if the 2028 financial model represents a run rate or full-year achievement. He also inquired if the additional CapEx investments would bring the fabs to 85% utilization, specifically for silicon photonics.
Answer
CEO Russell Ellwanger clarified that Tower targets to achieve the 2028 model by run rate and ideally for the full year. He explained that silicon photonics alone would not bring any factory to full utilization, but the CapEx spend, combined with other flows utilizing their prescribed capacity, is intended to achieve the 85% utilization target for the overall model. He also noted the fungibility between silicon photonics and silicon germanium, and between RF SOI, power, and imaging.
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