Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 70

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 70
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 diversified end markets. We target end markets characterized by high growth and high performance, for which we believe our
specialty process technologies and design services offer a strong, compelling value proposition to our customers. We focus on markets
driven by three industry mega-trends: “ Green Everything”, “ Wireless Everything”, and “ Smart Everything”.
Our target markets include Artificial Intelligence and Data Centers, the Internet of Things (IoT), machine-to-machine communication devices,
ultra-low power mobile applications, wireless and high-speed wireline communications, consumer applications, automotive, medical and industrial
markets. For example, we believe our SiGe and silicon photonic technology can provide speed, power and cost advantage over alternative
technologies for high-speed optical transceivers used for data communication in data centers, artificial intelligence clusters and network
infrastructure. We also believe that RF- SOI and SiGe process technologies can provide performance and cost advantages over GaAs
solutions in the realization of switches, low noise amplifiers, and power amplifiers for wireless handsets and smartphones. Our power
management platforms enable the industry’s analog IC suppliers to differentiate their product offerings in the markets we serve.
Our specialized CMOS image sensor platforms allow customers to fabricate ultra high sensitivity/low noise CIS products for operation in
visible, near infra-red, ultra-violet and X-ray spectral ranges, and develop both ultra small-size cameras and large imagers occupying
the whole surface of a 200mm or even a 300mm wafer. We also target the rapidly growing non-visual sensor markets by developing specialized
sensors, in particular advanced integrated UV, gas and BioFET sensors. In addition, we target the display markets utilizing micro OLED
on silicon, using our well established processes to create displays for the AR/VR growing market.

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We are also engaged in development of intellectual property for
enabling data processing using artificial intelligence based on our original device approaches by using our patented memristor solutions
for emulating synapses in artificial neural networks. Our specialty products and target market strategy allow us to grow and diversify
our business by attracting new customers, which expands our customer base, and broadening our business with existing customers.

During recent years, we have accelerated our plans to expand our
capacity, including through our recent agreement with Intel under which Tower will have access to a 300mm capacity corridor in Intel’s
facility in New Mexico, U. S. We are focused on successfully integrating all of our fabs globally and increasing