Why Tower Semiconductor Stock Skyrocketed on Tuesday
The chipmaker is expanding its capacity.
Overview
Shares of Tower Semiconductor (NASDAQ: TSEM) rallied on Tuesday, jumping as much as 19%. As of 11:46 a.m. ET, the stock was still up 15.9%.
The catalyst that sent the semiconductor foundry higher was a move to increase capacity to meet soaring demand.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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