Tower Semi jumps after outlining $3 bln Japan investment

Tower Semiconductor

14/07/2026 12:32

** Shares of Israel's Tower Semiconductor TSEM.TA jump over 14%; The chipmaker's U.S.-listed shares TSEM.O gain over 19% to $274.75 premarket 
** TSEM announces ~$3 bln investments to boost chipmaking in Japan, including $1 bln in grants from the govt there
** Move will likely help its production of silicon photonics and silicon-germanium technology, which help boost efficiency of semiconductor chips
** TSEM sees $3.6 bln in revenue, $1.2 bln in net profit in 2028 after production ramp-up boosting, up from previous est. of $2.8 bln and $750 mln, respectively
** Forecast Q2 revenue above Wall St; says it landed $1.3 bln in deals for 2027 in May
** Four brokerages rate U.S.-listed shares "buy," one "hold"; their median PT is $312.50 - data compiled by LSEG
** Up to last close, stock is up 95.6% YTD

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))