Tower counts its blessings on Intel deal cancelation

At the start of August, Israeli chipmaker Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) reported strong financial results for the second quarter of 2025, which led to a double-digit gain in the share price. In the following days most of these rises were wiped out but since mid-August the stock has been soaring on high trading volumes. The result has been a 45% rise in the share price in less than a month. The chip company from Migdal Ha'emek now has a market cap of $7.566 billion. On the way it has s ...