🟢 Tower Semiconductor is trading 18.85% up today on $3B Japan expansion and government grants

Tower Semiconductor is trading at $271.65 (+18.85%) after announcing a major production expansion in Japan amid a broader rally in the semiconductor sector.

• The company is launching a $3 billion expansion project in Japan, supported by $1 billion in government grants.
• Shares are also being lifted by sector-wide optimism regarding improving memory-chip sentiment and increased capital expenditure across the industry.