Tower Semiconductor shares fall 1.23% intraday as Jefferies and Evercore ISI reiterate its focus on specialty process technologies.

Tower Semiconductor Ltd. declined 1.23% in intraday trading. The company operates as an independent semiconductor foundry focused on specialty process technologies, producing integrated circuits based on customer design specifications. The company manufactures semiconductors for its customers primarily based on third-party designs and offers various process manufacture geometries.