Nov 10 (Reuters) - Israeli contract chipmaker Tower

Semiconductor forecast fourth-quarter revenue above

estimates on Monday, driven by strong demand for its specialty

analog chips used in data centers and artificial intelligence

infrastructure.

The company expects quarterly revenue of $440 million, plus

or minus 5%, compared with analysts' average estimate of $434.4

million, according to data compiled by LSEG.

Tower, whose U.S.-listed shares were up 4.4% in

premarket trading, has been gaining share in fast-growing

segments such as Radio-Frequency (RF) infrastructure as well as

other cloud network and data transmission-related platforms.

The company has been expanding its manufacturing capacity

across Israel, U.S., Italy and Japan.

Tower manufactures analog and mixed-signal semiconductors

for customers across industries including automotive,

industrial, consumer electronics and communications.

CEO Russell Ellwanger said the market for its technologies

essential for high-speed optical data transmission, combined

with rising data center demand, is fueling strong growth.

Tower said it is investing an additional $300 million to

expand the capacity and advance next-generation capabilities in

its Silicon-Germanium and Silicon Photonics technologies,

essential for high-speed optical data transmission.

Tower reported revenue of $395.7 million for the quarter

ended September 30, topping expectations of $394 million.

Its quarterly adjusted earnings of 55 cents per share also

beat estimates of 54 cents.