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Israel's TowerJazz sets long-term annual revenue target of $3.5 bln
November 30, 2017 / 1:24 PM / in 13 days

Israel's TowerJazz sets long-term annual revenue target of $3.5 bln

JERUSALEM, Nov 30 (Reuters) - Israeli chipmaker TowerJazz said on Thursday it had informed analysts that the company set a long term annual revenue target of $3.5 billion.

Tower, which is on track for revenue of around $1.4 billion in 2017, made the projection at its analysts’ conference in New York on Wednesday, although it did not specify a timetable.

It confirmed the new revenue forecast in an emailed statement. (Reporting by Steven Scheer)

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