Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 260

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 16C
Chunk 260
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ITEM
16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The following table presents fees for professional services rendered
by Brightman Almagor Zohar & Co., Certified Public Accountants, a firm in The Deloitte Global Network, our independent registered
public accounting firm for the years ended December 31, 2024 and 2023, by category of service:

                                                   2024           
                                                   2024           
 ──────────────────────────────────────────────────────────────────
                              (US dollars in Thousands)           
  Audit Fees (1)                                    814      816  
  Audit-Related Fees (2)                             10        0  
  Tax Fees (3)                                       73       77  
  Other Fees (4)                                      0       11  
                                                    897      904  

(1) Audit
Fees consist of fees for professional services rendered for the audit of our financial statements and our subsidiaries’ financial
statements, services rendered in connection with statutory and regulatory filings and engagements (including audit of our internal control
over financial reporting), reviews of our interim financial results submitted on Form 6-K, consent letters for our SEC filings and out
of pocket expenses reimbursement.

(2) Audit-related
fees consist of assurance and related services by the auditors including, among others: due diligence services, accounting consultations
and audits in connection with acquisitions, attest services related to financial reporting that are not required by statute or regulation
and consultation concerning financial accounting.

(3) Tax
fees consist of fees for tax compliance services and tax returns services.

(4) Other
fees in the year ended December 31, 2023 related to services in connection with information technology (IT) related consultancy services.

In accordance with our audit committee charter, which requires
audit committee pre-approval of audit and non-audit services to be provided by the independent auditors and related fees and terms, all
of the services provided by our independent auditors in 2024 and 2023 were pre-approved by the audit committee.

ITEM
16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR
AUDIT COMMITTEES

Not applicable.

ITEM
16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND
AFFILIATED PURCHASERS

Not applicable.

ITEM
16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT