Tower Semiconductor Ltd. - Ordinary Shares (TSEM)

Tower Semiconductor Ltd. (NASDAQTSEM) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 11.77% on the day to $32.

Analysts' sentiment helped to lower the share prices of these stocks but the moves are overextended and provide deep value for opportunistic investors.

Tower Semiconductor is uniquely positioned as a pure-play foundry and maker of analog microchips for a wide variety of end-use markets.

Intel shares have built strong momentum this year, however, there are still lots of unpriced tailwinds that can bring the CEO's latest investment to new highs

Intel Foundry Services (IFS) and Tower Semiconductor (Nasdaq: TSEM), a leading foundry for analog semiconductor solutions, today announced an agreement where Intel will provide foundry services and 300mm manufacturing capacity to help Tower serve its customers globally. Under the agreement, Tower will utilize Intel’s advanced manufacturing facility in New Mexico. Tower will invest up to $300 million to acquire and own equipment and other fixed assets to be installed in the New Mexico facility, providing a new capacity corridor of over 600,000 photo layers per month for Tower’s future growth, enabling capacity to support forecasted customer demand for 300mm advanced analog processing.

Most industry groups are in the green for the year. If the S&P 500 continues to trend higher in 2023, these three industries could continue to lead the way.

Cadence Design Systems, Inc. (Nasdaq: CDNS) and Tower Semiconductor (Nasdaq/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, today announced a collaboration to advance automotive and mobile IC development. Through the collaboration, the companies are developing a new, comprehensive automotive reference design flow using the Cadence® Virtuoso® Design Platform and Spectre® Simulation Platform to provide customers with a faster design cycle, maintaining comprehensive design verification for advanced automotive IC product development.

Shares of Tower Semiconductor Ltd. (NASDAQTSEM) traded today at $47.93, eclipsing its 12-month high. This new high was reached on below average trading volume as 886,000 shares traded hands, while the average 30-day volume is approximately 2.2 million shares.

Shares of Tower Semiconductor Ltd. (NASDAQTSEM) traded today at $47.93, eclipsing its 12-month high. This new high was reached on below average trading volume as 886,000 shares traded hands, while the average 30-day volume is approximately 2.2 million shares.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Tower Semiconductor Ltd. (NasdaqGS: TSEM) to Intel Corporation (NasdaqGS: INTC). Under the terms of the proposed transaction, shareholders of Tower will receive only $53.00 in cash for each share of Tower that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Tower Semiconductor Ltd. (NASDAQTSEM) to Intel Corporation for $53.00 per share in cash is fair to Tower shareholders.

Intel Corporation (Nasdaq: INTC) and Tower Semiconductor (Nasdaq: TSEM), a leading foundry for analog semiconductor solutions, today announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented industry demand.