Tower Semiconductor(TSEM) - 2022 Q3 - Quarterly Report

Exhibit 99.1 Tower Semiconductor Reports Third Quarter 2022 Record Revenue of $427 Million Guidance and Conference Call In light of the Company's definitive agreement with Intel Corporation, as announced on February 15, 2022, the Company is not providing revenue guidance for the fourth quarter 2022 and will not host an earnings conference call. Sequential increases in profitability, resulting in 16.2% net margins, exceeding the second half 2022 target MIGDAL HAEMEK, ISRAEL – November 14, 2022 – Tower Semico ...