Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 228

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 7
Chunk 228
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                                                 reflecting holdings as of March 31, 2025.                                            
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(5)   Based solely upon, and qualified in its entirety with reference to, a notice provided to the Company by Phoenix Holdings Ltd. reflecting
                                                           holdings as of March 31, 2025.                                                     
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(6)   Based solely upon, and qualified in its entirety with reference to, a notice provided to the Company by Clal Insurance Enterprises
                                           Holdings Ltd., reflecting holdings as of March 31, 2025.                                     
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(7)   Based solely upon, and qualified in its entirety with reference to, a Schedule 13G filed on February 13, 2025, by Point72 Asset Management,
                  L.P. (“Point72 Asset Management”), Point72 Capital Advisors, Inc. (“Point72 Capital Advisors”) and Steven A. Cohen,            
         according to which filing, (i) the ordinary shares of Tower are held by certain investment funds managed by Point72 Asset Management;   
        (ii) Point72 Capital Advisors is the general partner of Point72 Asset Management; and (iii) Mr. Steven A. Cohen controls each of Point72 
                                                     Asset Management and Point72 Capital Advisors.                                              
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Other than as disclosed in the table above, in Item 7A of our annual report on Form 20-F for each of the years ended December 31, 2022 and 2023, and other filings with the SEC, we are not aware of a significant change in the percentage ownership held by our major shareholders since January 1, 2022.
 
As of April 1, 2025, based on information provided to us by our transfer agent in the United States, there were a total of 12 holders of record of our ordinary shares, of which 8 were registered with addresses in the United States. Such U.S. record holders were, as of such date, the holders of record of approximately 70% of our outstanding ordinary shares. The number of record holders in the United States is not representative of the number of beneficial holders nor is it representative of where such beneficial holders are resident since many of these ordinary shares were held by brokers or other nominees (including one U.S. nominee company, CEDE & Co., which held approximately 70% of our outstanding ordinary shares as of such date, including those held for the benefit of the TASE clearing house as a member of Depository Trust Company).
 

 B.