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Israeli chipmaker TowerJazz sees rising sales

06
Nov
2013

By Tova Cohen TEL AVIV (Reuters) – Israeli circuit maker TowerJazz said it expects sales to rise in the fourth quarter and next year as demand for chips used in tablets and mobile phones grows. “This is a very strong indication of core business growth and this could be demonstrated in the fact that fourth-quarter guidance shows growth that is substantially better than the industry,” Chief Executive Russell Ellwanger said on Wednesday.

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