Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 295

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 295
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 Short-Term Deposits and Marketable Securities

Short-term Deposits as of December 31, 2024 amounted to $946,351; as of December 31, 2023, short-term deposits and marketable securities included deposits in the amount of $790,823and marketable securities with applicable accrued interest in the amount of $184,960.

During 2024, the Company sold its entire portfolio and had no outstanding marketable securities as of December 31, 2024.

The following table summarizes amortized costs, gross unrealized gains and losses and estimated fair values of available-for-sale marketable securities as of December 31, 2023:

  Details               Amortized      Gross unrealized gains      Gross unrealized losses                            
                         Cost (*)                                                                                     
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Corporate bonds        $166,356                      $2,015      $                            ( 7,117      161,254  
  Government bonds         22,470                          73                                      ( 87       22,456  
                         $188,826                      $2,088      $                            ( 7,204      183,710  

* Excluding accrued interest of $1,250.

The scheduled maturities of available-for-sale marketable securities as of December 31, 2023, were as follows:

  Details                   Amortized Cost                   Estimated fair value               
 ────────────────────────────────────────────────────────────────────────────────────────────────
  Due within one year       $                    31,075      $                          30,938  
  Due within 2-5 years                          134,256                                130,271  
  Due after 5 years                              23,495                                 22,501  
                            $                   188,826      $                         183,710  

Investments with continuous unrealized losses for less than twelve months and for twelve months or more and their related fair values December 31, 2023, were as indicated in the following tables. As of December 31, 2024, there were no such outstanding investments.

December 31, 2023
Investments with
continuous unrealized
losses for less than twelve
months
Details Fair value
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Corporate bonds $ 49,843 ( 3,073 67,167 ( 4,044 117