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Tower Semiconductor Soars 31.2%, Becomes Third Most Valuable Israeli Firm

3/23/2026

Summary

Story summary

Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) saw its share price rise 31.2% last week, lifting its market capitalization to $18.4 billion.
The surge makes Tower the third most valuable Israeli company on Wall Street, behind Elbit Systems Ltd. and Teva Pharmaceutical Industries Ltd.
The announcements include an Oriole collaboration and a power-management platform, and the AI infrastructure power market is projected to reach $4.7 billion by 2031.

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Story summary

Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) saw its share price rise 31.2% last week, lifting its market capitalization to $18.4 billion.
The surge makes Tower the third most valuable Israeli company on Wall Street, behind Elbit Systems Ltd. and Teva Pharmaceutical Industries Ltd.
The announcements include an Oriole collaboration and a power-management platform, and the AI infrastructure power market is projected to reach $4.7 billion by 2031.