On July 21, Tower Semiconductor rose 5.34% in pre-market trading, trading at approximately $237.59 per share, with turnover of $995,800. The broader semiconductor sector rallied notably, with SK Hynix up 6.52%, Micron Technology up 6.02%, Intel up 5.39%, AMD up 4.18%, and NVIDIA up 1.07%.

The move comes as Tower Semiconductor continues to benefit from its July 14 announcement of a strategic dual-track capacity expansion in Japan, involving approximately $4 billion in total investment over three years, including a $1 billion grant from the Japanese government. The expansion targets a multi-fold increase in 300mm silicon photonics, silicon germanium, and advanced packaging capacity. The company simultaneously raised its 2028 financial targets to $3.6 billion in revenue and $1.2 billion in net profit, up significantly from prior targets of $2.8 billion and $750 million respectively. After an initial surge of over 20% followed by a pullback last week, the stock appears to be recovering alongside the sector-wide strength.

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