On July 7, Tower Semiconductor declined 6.1% in pre-market trading, trading at $203.01/share, with turnover of $2.6746 million. The company released its second quarter financial results on the same day, coinciding with broad-based selling pressure across the semiconductor sector.

Within the Semiconductors sector where Tower Semiconductor belongs, stocks declined broadly. Among individual stocks, Micron Technology down 5.81%, Advanced Micro Devices down 5.33%, Intel down 4.30%, Broadcom down 2.44%, and NVIDIA down 1.53%. Tower Semiconductor is an Israel-based independent specialty semiconductor foundry that manufactures analog-intensive mixed-signal devices serving consumer electronics, communications, automotive, industrial, aerospace, and medical markets, providing customizable process technologies including SiGe, BiCMOS, RF CMOS, and CMOS image sensors across 150mm to 300mm wafer platforms.

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