Tower Semiconductor is trading 5.5% down now at $228.72, as a broader semiconductor selloff intensified amid elevated Treasury yields, oil prices, and Middle East tensions.
- Reuters reported that the 30-year Treasury yield remained near its highest level since 2007; semiconductors led the August 18 technology retreat, while technology shares remained under pressure on August 19.
- SOXX was down 2.50% during regular trading. Tower Semiconductor’s August 18 close of $240.55 followed an 8.79% decline, indicating continued pressure after the previous session’s technology-led selloff.
- The move appears primarily sector-driven; no fresh company-specific negative announcement was identified, and recent company results were record-setting.