US Stock Market Movement: Sanke Electronics surges on October 23 due to Tower collaboration, AI data center, and LoRa

Sci-Tech Electronics October 23rd Surge Interpretation

Keywords: Tower partnership, AI data center, LoRa

1. According to reports on October 23, Tower Semiconductor, Semtech, and NewPhotonics have reached an agreement on silicon-germanium and optical interconnects, making Tower more closely linked to AI data center demand. Semtech had previously secured dedicated silicon-germanium capacity with Tower in the United States, Israel, and Japan to support the optical interconnect demands of AI data centers.

2. According to an October 22 report, the company previously disclosed record LoRa net sales of $58 million in the second fiscal quarter, up 31% quarter-on-quarter and 58% year-on-year. Management expects LoRa revenue to grow approximately 15% quarter-on-quarter and 65% year-on-year in the third fiscal quarter, with the LoRa Gen4 platform and Amazon Sidewalk international expansion providing additional growth.

3. According to an October 16 report, Baird reiterated its “outperform” rating and $300 target price. The company aims to more than double data center revenue in fiscal years 2028 and 2029. CopperEdge 224G has already shipped, the 336G product is used in hyperscale customer applications, and FiberEdge holds over 50% market share in the 1.6T connectivity market.

(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)