Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 294

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 294
---
 the fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, U. S. government and agency yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other factors.

For cross-currency swap and derivatives measured under Level 2, the Company uses the market approach using quotations from banks and other public information.

Level 3 Measurements

Investments in equity securities of privately-held companies without readily determinable fair values are measured using the Measurement Alternatives (see Note 2J). The Company reviews these investments for impairment and observable price changes on a quarterly basis and adjusts the carrying value accordingly. For the year ended December 31, 2023, and 2024, the Company did not record significant changes to the carrying value of such investments.

Recurring fair value measurements using the indicated inputs:

  Details                                                              December 31,      Quoted prices in active market      Significant other observable inputs                   Significant unobservable inputs  
                                                                               2024      (Level 1)                           (Level 2)                                             (Level 3)                        
  Privately held companies                                                   $6,780      $                                   $                                        -            $6,780                           
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Foreign exchange forward and cylinders - net liability position           ( 4,302                                                                                   ( 4,302      -                                
                                                                             $2,478      $                                   $                                        ( 4,302      $6,780                           

  Details                                                          December 31,                   Quoted prices in active market      Significant other observable inputs                   Significant unobservable inputs             
                                                                   2023                           (Level 1)                           (Level 2)                                             (Level 3)                                   
  Privately held companies                                         $                   6,780      $                                   $                                              -      $                                    6,780  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Marketable securities held for sale                                                184,960                                                                                   184,960                                           -      
  Foreign exchange forward and cylinders - net asset position                          1,394                                                                                     1,394                                           -      
                                                                   $                 193,134      $                                   $                                        186,354      $                                    6,780  

E.