On July 28, Tower Semiconductor fell 6.73% in regular trading, trading at approximately 203.92 USD/share, with turnover of approximately $41.13 million.

The decline was driven by a broad semiconductor sector rout, with the Philadelphia Semiconductor Index having retreated more than 20% from its highs, entering a technical bear market. Major peers including Micron Technology fell 10.09%, SK hynix dropped 8.29%, Advanced Micro Devices declined 8.27%, and Intel lost 6.71%, exerting significant downward pressure across the sector.

Adding to selling pressure, the stock had previously surged over 18% on July 14 following the announcement of a strategic capacity expansion in Japan targeting 300mm silicon photonics, silicon germanium, and advanced packaging capabilities. With earnings scheduled for August 4, profit-taking from that rally intensified alongside broader sector weakness, as funds adopted a wait-and-see stance ahead of the financial results.

(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.)