Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 287

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 287
---
,041 ( 291,684
Machinery and equipment ( 3,155,718 ( 2,958,959
( 3,458,759 ( 3,250,643
$ 1,286,622 $ 1,155,929
(*) Original cost includes ROU assets under capital lease in the amount of $153,159and $204,230as of December 31, 2024 and 2023, respectively. The depreciation expense of such assets amounted to $15,195and $18,307for the years ended December 31, 2024 and 2023, respectively.
As of December 31, 2024 and 2023, the original cost of land, buildings, machinery and equipment was presented net of investment grants, in the aggregate amount of approximately $285,000.

NOTE 7:INTANGIBLE ASSETS, NET

Intangible assets consist of the following as of December 31, 2024:

  Details                                   Useful life      Cost                  Accumulated                     Net             
                                            (years)                                Amortization                                    
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Facilities’ lease                         19               $         33,500      $                 ( 30,682      $        2,818  
  Technologies                              10 - 20                     6,700                         ( 6,322                 378  
  Customer relationships                    15                          2,600                         ( 2,600                   -  
  Total identifiable intangible assets                       $         42,800      $                 ( 39,604      $        3,196  

Intangible assets consist of the following as of December 31, 2023:

  Details                                   Useful life      Cost                  Accumulated                     Net             
                                            (years)                                Amortization                                    
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Facilities’ lease                         19               $         33,500      $                 ( 29,394      $        4,106  
  Technologies                              10-20                       6,700                         ( 5,691               1,009  
  Customer relationships                    15                          2,600                         ( 2,600                   -  
  Total identifiable intangible assets                       $         42,800      $                 ( 37,685      $        5,115  

F -