UPDATE 1-Israeli chipmaker TowerJazz's Q2 profit rises as forecast
August 03, 2017 at 05:55 AM EDT
JERUSALEM, Aug 3 (Reuters) - Israeli microchip maker TowerJazz reported a more than 20 percent rise in second-quarter net profits on Thursday and said it was on track for record revenues in the current quarter, in line with analysts' forecasts as demand continues to grow across its product range.