On July 14, Tower Semiconductor surged 17.07% in regular trading, trading at $273.34/share, with turnover of $204 million.
On the news front, the company announced a strategic $4 billion investment over the next three years to dramatically expand 300mm silicon photonics, silicon germanium wafer production, and advanced packaging capabilities at its Japan facilities. The expansion includes a $1 billion grant from the Japanese government and aims to meet rapidly growing long-term customer demand.
Simultaneously, Tower Semiconductor significantly raised its 2028 financial targets, lifting revenue guidance from $2.8 billion to $3.6 billion and net profit targets from $750 million to $1.2 billion, representing increases of approximately 29% and 60%, respectively. The company acquired Panasonic Semiconductor in 2014, and this expansion reinforces its position in specialty semiconductor manufacturing for AI-driven optical interconnect and high-frequency applications.
Within the Semiconductors sector, the overall sector posted gains. Among individual stocks, AMD up 4.55%, Micron Technology up 3.69%, Intel up 3.6%, Broadcom up 0.53%, NVIDIA up 0.4%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments