On July 2, Tower Semiconductor fell 5.48% in regular trading, trading at $232.16/share, with turnover of $101 million.

On the news front, the semiconductor sector experienced broad-based selling pressure, with major peers declining across the board. Marvell Technology fell 4.37%, Advanced Micro Devices dropped 2.68%, Micron Technology lost 1.87%, Intel declined 1.54%, and NVIDIA slipped 0.3%, reflecting widespread risk-off sentiment weighing on the sector.

Previously, Tower Semiconductor and Marvell Technology had cumulatively shipped over 5 million coherent photonic ICs, and the company signed a multi-year indium phosphide epitaxial wafer supply agreement with IQE, continuing to strengthen its silicon photonics foundry supply chain positioning. No company-specific negative catalysts have been identified, and the pullback appears primarily driven by systematic sector rotation. The stock has now seen consecutive sessions of sector-linked declines following similar weakness on June 29 and July 1.

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