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.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.