NEWS ANNOUNCEMENT FOR IMMEDIATE RELEASE
MIGDAL HAEMEK, Israel – September 10, 2020 – Tower Semiconductor (NASDAQ/TASE: TSEM), these days introduced that every one of its production websites are operational, concentrated on complete capacity inside the following couple of days, an efficient restoration from the cyber match introduced on September 6, 2020.
Because of quick and efficient procedures, Tower is assured of the purposeful high quality of the paintings in growth and manufacturing line inventories, with Corporate and buyer knowledge final safe. Because of the producing disruption, the Corporate expects some degree of have an effect on to its 3rd quarter effects.
About Tower Semiconductor
Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), the chief in high-value analog semiconductor foundry answers, supplies era and production platforms for built-in circuits (ICs) in rising markets equivalent to client, commercial, car, cellular, infrastructure, clinical and aerospace and protection. Tower Semiconductor makes a speciality of growing certain and sustainable have an effect on at the global via long run partnerships and its complicated and cutting edge analog era providing, produced from a large vary of customizable procedure platforms equivalent to SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS symbol sensor, non-imaging sensors, built-in energy control (BCD and 700V), and MEMS. Tower Semiconductor additionally supplies world-class design enablement for a fast and correct design cycle in addition to Switch Optimization and building Procedure Services and products (TOPS) to IDMs and fabless firms. To offer multi-fab sourcing and prolonged capability for its shoppers, Tower Semiconductor operates two production amenities in Israel (150mm and 200mm), two within the U.S. (200mm) and 3 amenities in Japan (two 200mm and one 300mm) via TPSCo. For more info, please talk over with: www.towersemi.com
Protected Harbor Referring to Ahead-Having a look Statements
This press unencumber contains forward-looking statements, that are topic to dangers and uncertainties. Exact effects would possibly range from the ones projected or implied by means of such forward-looking statements. A whole dialogue of dangers and uncertainties that can impact the accuracy of forward-looking statements integrated on this press unencumber or which would possibly in a different way impact Tower’s trade is integrated beneath the heading “Possibility Elements” in Tower’s most up-to-date filings on Bureaucracy 20-F, F-3, F-Four and 6-Okay, as had been filed with the Securities and Change Fee (the “SEC”) and the Israel Securities Authority. Tower does now not intend to replace, and expressly disclaim any legal responsibility to replace, the guidelines contained on this unencumber.
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