U.S. Stocks Move: Tower Semiconductor surges 18.7% pre-market as it launches dual-track expansion strategy in Japan

Golden Finance July 14th｜Tower Semiconductor (TSEM.US) soared 18.7% in pre-market trading, priced at $272.68. According to reports, Tower Semiconductor announced the launch of a dual-line parallel expansion strategy in Japan: comprehensive upgrade of 300mm silicon photonics, silicon germanium processes, and advanced packaging capacity. The expansion aims to meet the strong and sustained long-term global customer demand, significantly increase the company’s production capacity, and consolidate its technological leadership in the high-end optical semiconductor field. This expansion plan has received special support from the Japanese government. (Golden Finance)