Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 286

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 286
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4 and 2023:
Details 2024 2023
─────────────────────────────────────────────────────────────────
Raw materials $ 127,171 $ 145,894
Work in process 118,642 116,698
Finished goods 22,482 20,096
$ 268,295 $ 282,688
Work in process and finished goods are presented net of aggregate write-downs to net realizable value of $8,803and $8,327as of December 31, 2024 and 2023, respectively.

NOTE 4:OTHER CURRENT ASSETS
Other current assets consist of the following as of December 31, 2024 and 2023:
Details 2024 2023
────────────────────────────────────────────────────────────────────────────────────────────────────
Direct and indirect tax receivables $ 27,551 $ 22,892
Prepaid expenses 32,985 11,097
Receivables from hedging transactions - see Note 11A 768 1,894
Other receivables 513 73
$ 61,817 $ 35,956

NOTE 5:LONG-TERM INVESTMENTS

Long-term investments consist of the following as of December 31, 2024 and 2023:

Details 2024 2023
───────────────────────────────────────────────────────────────────
Investments in privately held companies $6,780 $6,780
Pension plan net assets - see Notes 12B 1,870 1,672
$8,650 $8,452

F - 21

TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2024

(dollars in thousands, except per share data)

NOTE 6:PROPERTY AND EQUIPMENT, NET
Property and equipment consist of the following as of December 31, 2024 and 2023:
Details 2024 2023
───────────────────────────────────────────────────────────────────────────────────────────────────────────────
Original cost: (*)
Land and buildings, including facility infrastructure $ 463,564 $ 429,191
Machinery and equipment 4,281,817 3,977,381
4,745,381 4,406,572
Accumulated depreciation:
Buildings, including facility infrastructure ( 303