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Tower Semiconductor Ltd.

TSEM · NASDAQ

Market closed$234.10$-3.82 (-1.61%)After hours $232.50 · -0.68%

Key statistics

Previous close$237.92
Open$222.99
Day high$239.85
Day low$211.46
52-week high$319.94
52-week low$43.12
Market cap26.16B
Volume2.51M
Average volume2.21M
P/E ratio94.40
Forward P/E—
EPS2.48
Dividend yield0.00%

Market context

Why it moved

TSEM declined as the broader semiconductor sector remained under heavy pressure following the launch of China's Kimi K3 AI model, which triggered a chip-stock selloff that pushed the Philadelphia Semiconductor Index into bear market territory, down roughly 20% from its June record.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Tower Semiconductor closed modestly lower, caught in a broad semiconductor sector selloff that has wiped $3.3 trillion in market cap from global chip stocks since late June. The sector-wide pressure — driven by profit-taking, stretched AI valuations, and TSMC's higher-than-expected capex guidance — overshadowed Tower's own bullish backdrop: the company's landmark $3 billion Japan expansion announcement from July 14, backed by $1 billion in Japanese government grants, which lifted 2028 targets to $3.6B in revenue and $1.2B in net profit. CEO Russell Ellwanger also sold ~$14.4M in shares on July 13, adding a modest overhang, while analysts at Benchmark, Susquehanna, and Wedbush sharply raised price targets following the Japan news.

-1.6056

July 17, 2026Tower Semiconductor tumbled over 5% on Thursday, surrendering a significant portion of its 14% surge from Tuesday's Japan expansion announcement, as a broad semiconductor sector selloff swept through the market. The pullback was driven by profit-taking and valuation concerns across the chip space following TSMC's Q2 earnings beat — which, despite record profits and a raised revenue outlook, rattled investors with a sharp capex guidance increase to $60–$64 billion and margin headwinds from 2nm ramp costs. The sector-wide de-rating hit Tower particularly hard given its outsized recent gains, even as the company's $3B Japan expansion plan — backed by $1B in Japanese government grants and targeting $3.6B in revenue and $1.2B in net profit by 2028 — remains a key long-term catalyst. Adding to near-term sentiment pressure, CEO Russell Ellwanger sold ~67,000 shares worth ~$14.4M on July 13 via the Tel Aviv exchange.

-5.2112

July 16, 2026Tower Semiconductor closed modestly lower as the initial euphoria from its blockbuster $3 billion Japan expansion announcement faded amid broader semiconductor profit-taking. The prior session saw shares surge 14% after Tower unveiled plans to scale 300mm Silicon Photonics, Silicon Germanium, and advanced packaging capacity in Japan — backed by $1 billion in Japanese government grants — while simultaneously raising its 2028 targets to $3.6B in revenue and $1.2B in net profit, up from $2.8B and $750M. Today's pullback reflects the volatile semiconductor backdrop, where the Philadelphia Semiconductor Index had already shed over 11% from its June record high, and investors weigh Tower's steep execution risks against its compelling long-term AI data center positioning.

-1.7574

July 15, 2026Tower Semiconductor surged over 11% after announcing a $3 billion manufacturing expansion in Japan, backed by $1 billion in government grants from Tokyo. The dual-phase buildout will scale up 300mm Silicon Photonics, Silicon Germanium, and advanced packaging capacity — with Phase 1 targeting full production readiness by Q4 2027 and a new greenfield facility next to Fab 7 expected to contribute earnings in 2029. Alongside the announcement, Tower sharply raised its 2028 targets to $3.6B in revenue and $1.2B in net profit, up from prior guidance of $2.8B and $750M respectively — a catalyst that also pushed shares further in after-hours trading.

11.2374

July 14, 2026Tower Semiconductor gained sharply, outperforming a broadly weaker semiconductor sector amid a sector-wide pullback in chip stocks. The advance comes as investors continue to digest the company's landmark May silicon photonics agreements — expected to deliver $1.3 billion in revenue in 2027 — alongside $290 million in upfront customer prepayments, which have underpinned bullish sentiment for the stock since its ~18% post-earnings surge in May. The broader sector faces headwinds, with the Philadelphia Semiconductor Index down over 11% from June record highs and $11 billion in weekly outflows from chip funds, but TSEM's differentiated analog/mixed-signal foundry positioning and strong Q2 revenue guidance of $455 million appear to be sustaining investor interest ahead of TSMC's closely watched earnings on July 16.

3.1111

July 11, 2026Tower Semiconductor closed modestly lower, giving back a portion of the prior session's sharp 8.2% rally, as broad semiconductor sector sentiment remained unsettled following Samsung's record earnings that paradoxically triggered chip-cycle-peak fears and KOSPI turbulence. Investors are now squarely focused on Tower's August 4 earnings date, where the company is expected to report a projected record Q2 revenue of $455 million and provide Q3 guidance — with analysts holding price targets as high as $335, well above current levels. Company-specific momentum remains intact, underpinned by $1.3 billion in silicon photonics contracts for 2027 and a 5-million-unit coherent photonic IC milestone with Marvell for AI data-center interconnects.

-1.6904

July 10, 2026Tower Semiconductor shares rallied sharply, recovering from a sector-wide semiconductor selloff earlier in the week triggered by Samsung's earnings reaction and DeepSeek AI chip concerns. The rebound was fueled by a broad chip sector recovery — the Philadelphia Semiconductor Index jumped roughly 5% on the day — alongside company-specific tailwinds: Tower's $1.3 billion in signed silicon photonics customer contracts, $290 million in customer prepayments, and a joint milestone with Marvell of over five million coherent photonic ICs shipped for AI data-center interconnect, keeping it at the center of the AI infrastructure theme ahead of its August 4 Q2 earnings report.

4.5593

July 9, 2026Tower Semiconductor gained amid a broader semiconductor sector rebound, recovering alongside peers after Tuesday's sharp sector-wide selloff triggered by Samsung's earnings and DeepSeek chip development reports. Investor focus is building toward the company's Q2 2026 earnings release on August 4, where Q3 guidance will also be provided — a key catalyst given analyst median price targets of $315 and the analog foundry's differentiated exposure to automotive, industrial, and defense end markets, which are less directly tied to the AI memory spending concerns weighing on peers like Micron and Intel.

2.2507

Simply Wall Street · July 18, 2026Have Tower Semiconductor Insiders Been Selling Stock?Tom's Hardware · July 16, 2026Tower Semiconductor revives shuttered Panasonic-era fab in $3 billion Japan photonics expansion — METI-backed plan targets $3.6 billion revenue by 2028Reuters · July 14, 2026Tower Semiconductor to invest $3 billion in Japan, backed by government grantsCTech · July 14, 2026Tower Semiconductor to invest $3 billion in Japan expansion as AI drives demand for optical chipsStock Titan · July 14, 2026Japan to provide $1B in grants for Tower’s chip expansionMoomoo · May 13, 2026Today's Pre-Market Movers and Top Ratings | INTC, MU, TSEM and MoreInvestor's Business Daily · February 11, 2026Tower Semiconductor Tops Q4 Estimates, Raises Q1 Sales Target And CapexBarchart.com · February 7, 2026Tower Semiconductor Just Struck a New AI Deal with Nvidia. Should You Buy TSEM Stock Here?
Benzinga · July 14, 2026Tower Semiconductor Shares Rise 6% After Key Trading Signal
Benzinga · July 14, 2026Tower Semiconductor Sees FY2028 Sales $3.600B vs $3.186B Est
Benzinga · July 14, 2026Why Is Tower Semiconductor Stock Soaring Today?
Mt Newswire · July 14, 2026Tower Semiconductor to Expand Manufacturing Capacity in Japan
Benzinga · July 1, 2026Tradr Bets on Quantum Boom With 5 New 2X ETFs on Quantinuum, Ciena
Benzinga · June 18, 2026Tower Semiconductor, Marvell Ship Over 5 Million Photonic Chips For AI Data Centers
Mt Newswire · June 18, 2026Tower Semiconductor and Marvell Ship Over Five Million Photonic Chips for AI Data Center Networks
Benzinga · June 18, 2026Tower Semiconductor Announces Shipments Of 5M+ Coherent Photonic Integrated Circuits To Marvell Global Customers

Peers

S&P 500SPX · $7,457.69-1.01%Taiwan Semiconductor Manufacturing Company LimitedTSM · $398.37-2.77%United Microelectronics CorporationUMC · $21.25-4.67%GLOBALFOUNDRIES Inc.GFS · $57.48-1.30%Semiconductor Manufacturing International Corporation0981.HK · 69.50+2.66%X-FAB Silicon Foundries SEXFAB.PA · €7.12-6.20%STMicroelectronics N.V.STM · $62.06-1.13%Intel Corp.INTC · $95.04-2.00%NXP Semiconductors N.V.NXPI · $266.53-1.53%Infineon Technologies AGIFX.DE · €63.66-1.62%Silicon Laboratories Inc.SLAB · $217.47-0.41%Semtech CorporationSMTC · $124.96-2.11%