Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 169

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 5
Chunk 169
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 As demand for smaller geometries increases, there is downward pressure on the pricing of larger geometry products, and
potential underutilization of fabs that are limited to these larger geometry products, which may result in reduced profitability of those
associated fabs. However, our strategy to focus on differentiated specialty analog technologies, along with our deep applications knowledge,
design enablement tools and customer technical support, enable a portion of our wafers to be charged at higher wafer selling prices as
compared to “commoditized” standard products. We currently offer process geometries of (i) 0.18, 0.16, and 0.13 -micron on
200-mm wafers; and (ii) 65 nanometer on 300-mm wafers. We continue to invest in our portfolio of specialty process technologies and intellectual
property (IP) to address the key product and system requirements of our customers, enabling them to compete in their respective markets.

Another key element of our strategy is to target multiple large,
growing and 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