On June 11, Tower Semiconductor rose 5.03% in pre-market trading, trading at $245.99/share, with trading volume of $2.65 million.

On the news front, the semiconductor sector broadly strengthened, with peers Micron Technology up 4.22%, Marvell Technology up 3.33%, Intel up 2.89%, Broadcom up 1.83%, and NVIDIA up 1.47%, providing a favorable backdrop for the stock's rebound.

Additionally, the previously circulated rumor regarding process parameter deviations and below-expectation yield rates for 1.6T silicon photonics chips at Tower's Fab 9 facility has been formally debunked. Core customer Innolight issued a stern statement characterizing the rumor as maliciously fabricated false information, while Tower responded that process calibration is standard industry practice and that its 800G silicon photonics chip yield has been adjusted to a relatively high level. The debunking effect continues to digest, with market confidence gradually recovering and resonating with broader sector strength to drive the stock's rebound.

(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.)