Tower Semiconductor Expansion drives a 19% stock surge as Japan backs a $3 billion capacity plan targeting AI demand.

Tower Semiconductor plans to quadruple 300mm fab capacity in Uozu, Japan, backed by METI subsidies and a joint venture restructuring with Nuvoton worth

July 14 : Israeli chipmaker Tower Semiconductor said on Tuesday it will invest $3 billion to bolster chip manufacturing in Japan, including $1 billion in grants from the Japanese…