NEWS ANNOUNCEMENTFOR IMMEDIATE RELEASE

TowerJazz Increases ITAR Portfolio, Adds 65nm Technology in Support ofGrowing Aerospace and Defense Customer DemandNEWPORT BEACH, Calif., October 15, 2018 – TowerJazz, the global specialty foundry leader,
today announced the Company is increasing its technology portfolio that is compliant with ITAR
(International Traffic in Arms Regulations) by adding 65nm technology access for nextgeneration ROICs (Readout Integrated Circuits), enabling essential military and space
applications critical to national defense. ROICs are used for reading infrared and ultraviolet
detectors in military surveillance and other applications ranging from x-ray astronomy to security
and industrial inspection.
Initial products serving the US aerospace and defense community have taped-out in this new
65nm offering and additional products are in design. Through proper licensing TowerJazz canprovide access for aerospace and defense customers to an increasing technology portfolio
including high dynamic range image sensors (CIS and CCD), integrated power devices (BCD,SOI, and LDMOS) and high frequency silicon RFCMOS.
“We are excited to announce this new advanced capability to our customers. Adding 65nm, andsoon, 45nm technology for ITAR products enables our aerospace and defense customers
additional avenues to continue to create advanced products to serve this very critical market,”said Mike Scott, Director, TowerJazz USA Aerospace & Defense.
Further details will be discussed at TowerJazz’s U.S. Technical Global Symposium (TGS) to beheld on November 7, 2018 at the Hilton Santa Clara, CA. To view the agenda and/or register forthe event, please visit: http://www.towerjazz.com/events/TGS/2018/TGSUS.html/.
About TowerJazzTower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM) and its subsidiaries operatecollectively under the brand name TowerJazz, the global specialty foundry leader. TowerJazzmanufactures next-generation integrated circuits (ICs) in growing markets such as consumer,
industrial, automotive, medical and aerospace and defense. TowerJazz’s advanced technology
is comprised of a broad range of customizable process platforms such as: SiGe, BiCMOS,
mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management (BCDand 700V), and MEMS. TowerJazz also provides world-class design enablement for a quick andaccurate design cycle as well as Transfer Optimization and development Process Services(TOPS) to IDMs and fabless companies that need to expand capacity. To provide multi-fab
sourcing and extended capacity for its customers, TowerJazz operates two manufacturing
facilities in Israel (150mm and 200mm), two in the U.S. (200mm) and three facilities in Japan(two 200mm and one 300mm). For more information, please visit www.towerjazz.com.
Safe Harbor Regarding Forward-Looking Statements
This press release includes forward-looking statements, which are subject to risks and uncertainties.
Actual results may vary from those projected or implied by such forward-looking statements. A complete
discussion of risks and uncertainties that may affect the accuracy of forward-looking statements includedin this press release or which may otherwise affect TowerJazz’s business is included under the heading"Risk Factors" in Tower’s most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with theSecurities and Exchange Commission (the “SEC”) and the Israel Securities Authority and Jazz’s mostrecent filings on Forms 10-K and 10-Q, as were filed with the SEC, respectively. Tower and Jazz do notintend to update, and expressly disclaim any obligation to update, the information contained in thisrelease.
###TowerJazz Company/Media Contact: Lauri Julian | +1 949-280-5602 | lauri.julian@towerjazz.com
TowerJazz Investor Relations Contact: Noit Levi | +972-4-604-7066 | noit.levi@towerjazz.com