The share value of Israeli chipmaker Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) rose 31.2% on Nasdaq final week, regardless of weakening barely on Friday. The corporate now has a market cap of $18.4 billion, after leapfrogging Examine Level Software program Applied sciences Ltd. (Nasdaq: CHKP), and turning into the third most precious Israeli firm on Wall Avenue after Elbit Programs Ltd. (Nasdaq: ESLT; TASE:ESLT) and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA).
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Tower, led by CEO Russell Ellwanger, is dual-listed on each Wall Avenue and in Tel Aviv and main shareholders embrace Israeli institutional buyers Migdal Insurance coverage and Monetary Holdings (TASE: MGDL), Menora Mivtachim Holdings (TASE: MMHD) and Phoenix Monetary (TASE: PHOE).
The sharp features in Tower’s inventory got here on the again of two expertise bulletins it made final week. The primary was a collaboration with Oriole to develop ultra-fast optical switching for AI infrastructure and networks, and the second was about new expertise improvement on an influence administration platform for AI purposes. Tower famous in its second announcement that “AI infrastructures are experiencing unprecedented progress in energy consumption. As processor efficiency continues to extend, energy switch effectivity is turning into a significant bottleneck.”
Tower’s expertise is designed to offer a direct response to this barrier by bettering energy switch effectivity, decreasing warmth era, and bettering general system efficiency, whereas additionally enabling a major discount in chip space. Based on Tower’s announcement, the market the expertise is addressing is at present valued at $2.5 billion yearly and is anticipated to develop to greater than $4.7 billion by 2031.
Printed by Globes, Israel enterprise information – en.globes.co.il – on March 22, 2026.
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