Tower Semiconductor Awarded by Northrop Grumman forSupplier Excellence
MIGDAL HAEMEK, Israel, March 20, 2024 – Tower Semiconductor (NASDAQ/TASE:TSEM), the leading foundry of high-value analog semiconductor solutions,
today announced that Northrop Grumman Corporation (NYSE:NOC) has recognizedTower Semiconductor during the company’s Supplier Excellence Awards.
“Tower Semiconductor has helped to advance national security solutions and achieve
mission success,” said Matt Bromberg, Corporate Vice President, Global Operations
Northrop Grumman. “Northrop Grumman’s supplier partners connect and protect thewarfighter, defining what is possible in the battlespace because of our sharedcommitment to the highest industry standards across the defense industrial base.”
Recognized for Strategic Excellence, Tower Semiconductor was instrumental in aiding
Northrop Grumman with manufacturing and distribution goals as the industry works tosupport Department of Defense customers and other commercial entities.
“We are honored to receive this recognition from Northrop Grumman, underscoring ourdedication to excellence and ongoing efforts to support our customers in achieving their
mission-critical goals," said Mike Scott, Senior Director, Tower Semiconductor USA
Aerospace & Defense. "We are highly committed to delivering comprehensive, value add
solutions with a long-term strategic alignment ensuring success in meeting the detailed
and stringent specifications of Northrup Grumman, a leading defense contractor andlong-term customer, as well as other partners in the defense industry."
Northrop Grumman is a leading global aerospace and defense technology company. Our
pioneering solutions equip our customers with capabilities they need to connect andprotect the world and push the boundaries of human exploration across the universe.
Driven by a shared purpose to solve our customers’ toughest problems, our employees
define possible every day.
###About Tower Semiconductor
Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high value analog semiconductor
solutions, provides technology, development, and process platforms for integrated circuits (ICs) in growing
markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace anddefense. Tower Semiconductor focuses on creating positive and sustainable impact on the world throughlong term partnerships and its advanced and innovative analog technology offering, comprised of a broad
range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS imagesensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, andMEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design
cycle as well as process transfer services including development, transfer, and optimization, to IDMs andfabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower
Semiconductor owns two facilities in Israel (150mm and 200mm), two in the U.S. (200mm), two in Japan(200mm and 300mm) which it owns through its 51% holdings in TPSCo, a 300mm facility in Agrate, Italy,
shared with ST as well as a 300mm capacity corridor in Intel’s New Mexico factory. For more information,please visit: www.towersemi.com.

Safe Harbor Regarding Forward-Looking Statements
This press release includes forward-looking statements, which are subject to risks and uncertainties. Actualresults 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 Tower’s business is included under the heading “RiskFactors” in Tower’s most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the Securities andExchange Commission (the “SEC”) and the Israel Securities Authority. Tower does not intend to update, andexpressly disclaim any obligation to update, the information contained in this release.
###Tower Semiconductor Investor Relations Contact: Noit Levy | +972-4-604-7066 | noitle@towersemi.com
Tower Semiconductor Company Contact: Orit Shahar | +972-74-7377440 | oritsha@towersemi.com