Tower Semiconductor(TSEM) - 2024 Q4 - Annual Report

Exhibit 99.1 Tower Semiconductor Reports 2024 Fourth Quarter and Full Year Financial Results MIGDAL HAEMEK, ISRAEL – February 10, 2025 – Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the fourth quarter of 2024 and for the year ended December 31, 2024. Fourth Quarter of 2024 Results Overview Revenues for the fourth quarter of 2024 were $387 million as compared to $371 million for the third quarter of 2024 and $352 million for the fourth quarter of 2023, representing 5% quarter ...