01:08 PM EST, 11/10/2025 (MT Newswires) -- (Updates to include the stock movement and additional details in the headline, the first and the sixth paragraphs.)

Tower Semiconductor ( TSEM ) shares rose by more than 18% in recent trading Monday after the company announced plans to invest $300 million to expand its SiPho and SiGe capacity and extend its operations at its Newport Beach Fab 3 facility in California by up to 3.5 years.

The company also reported Q3 adjusted earnings Monday of $0.55 per diluted share, down from $0.57 a year earlier.

Analysts polled by FactSet expected $0.54.

Revenue for the quarter ended Sept. 30 was $395.7 million, up from $370.5 million a year earlier.

Analysts surveyed by FactSet expected $395 million.

The company said it expects Q4 revenue of $440 million, with an upward or downward range of 5%, representing growth of 14% year over year and 11% sequentially.

Four analysts surveyed by FactSet expect $434.2 million.

Price: 99.20, Change: +15.13, Percent Change: +18.00