Tower Semiconductor Ltd (TSEM)

Tower Semiconductor Ltd. - Ordi (TSEM) dropped by 6.61% from $24.51 to $22.89 in the trading on Monday October 9, 2023. The reasons why stock TSEM down today is due to conflict in the company's home country, Israel. Following Hamas’ devastating attacks on Israel and the retaliatory actions by Israel in Gaza, pressure is seen on U.S.-traded Israeli businesses.

Tower Semiconductor (TSEM) stock was down 10.69% after Intel cancels its $5.4 billion acquisition due to Chinese regulatory approval issues. The failed deal, which offered a 57% premium, comes with a $353 million termination fee for Tower. This setback presents potential value for investors considering the stock after a recent drop.

https://www.fool.com/investing/2023/08/16/why-tower-semiconductor-stock-is-sinking-today/