Shares of Tower Semiconductor Ltd. (TSEM) are climbing about 9 percent on Monday morning trading after it announced a collaboration with Oriole Networks to deliver ultra-low, deterministic-latency networking for scale-up and scale-out AI architectures, built on Tower's mature silicon photonics platform.
The company's shares are currently trading at $136.80 on the Nasdaq, up 9.62 percent. The stock opened at $133.90 and has climbed as high as $138.35 so far in today's session. Over the past year, it has traded in a range of $28.64 to $149.57.
The collaboration will integrate Oriole's networking technology with Tower's silicon photonics manufacturing platform to commercialize nanosecond optical circuit switching as a foundational building block of Oriole's network architecture.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.