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News  ›  GlobeNewswire Inc.

Tower Semiconductor Partners with LightIC to Expand Silicon Photonics Beyond AI Infrastructure into Physical AI and Automotive

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
Tower Semiconductor Partners with LightIC to Expand Silicon Photonics Beyond AI Infrastructure into Physical AI and Automotive

Tower Semiconductor and LightIC Technologies announced a strategic collaboration to develop silicon photonics-based FMCW LiDAR solutions for automotive and robotics applications. The partnership leverages Tower's mature silicon photonics foundry platform to manufacture LightIC's Lark automotive LiDAR and FR60 compact LiDAR products. The global automotive LiDAR market is projected to grow from $859 million in 2024 to $3.6 billion by 2030, with the broader LiDAR market expected to reach $6.3 billion by 2027.

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TSEM   positive

Tower is expanding its silicon photonics platform into high-growth markets (automotive LiDAR and Physical AI) beyond AI infrastructure. The partnership with LightIC positions Tower to capture a portion of the rapidly growing LiDAR market projected to reach $6.3 billion by 2027, representing significant revenue opportunity and market diversification.