Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 310

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 310
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 the consolidated results of the Company.

(iii) Since the Company has a single reportable segment, its CODM does not allocate resources among segments but is responsible for allocating the entity’s resources. The CODM uses the consolidated measures of profit or loss mostly when assessing performance rather than allocating resources.

(iv) Since the Company has a single reportable segment, it manages its business activities on a consolidated basis.

(v) The Company’s chief operating decision maker is the chief executive officer of the Company.

F - 45

TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2024

(dollars in thousands, except per share data)

NOTE 16:FINANCING INCOME (EXPENSE), NET

Financing income (expense), net consists of the following for the years ended December 31, 2024, 2023 and 2022:

  Details                                                                                           2024                   2023                   2022                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Interest expense                                                                                  $         ( 4,029      $         ( 4,444      $          ( 5,687  
  Interest income                                                                                              55,488                 39,987                  13,596  
  Series G Debentures amortization, exchange rate and its hedging transactions related results                      -                  ( 640                   ( 772  
  Exchange rate results                                                                                         3,403                  1,013                 ( 3,986  
  Hedging transactions related results                                                                        ( 7,800                ( 5,153                       -  
  Marketable securities fair value adjustments                                                                  5,605                  2,944                 ( 9,225  
  Bank fees and others                                                                                        ( 1,833                ( 3,176                 ( 6,693  
                                                                                                    $          50,834      $          30,531      $         ( 12,767  

NOTE 17:RELATED PARTIES BALANCES AND TRANSACTIONS

A. Balance

The nature of the relationship involved as of December 31, 2024 and 2023:

  Details                                                                   2024      2023  
 ────────────────────────────────────────────────────────────────────────────────────────────
  Long-term investment      Equity investment in a limited partnership       $40