Tower Semiconductor(TSEM) - 2023 Q1 - Quarterly Report

Exhibit 99.1 Tower Semiconductor Reports 2022 Fourth Quarter and Full Year Financial Results Full Year Record Revenue of $1.68 Billion; Increased Profitability Resulting in 16% Net Margin for 2022 MIGDAL HAEMEK, ISRAEL – February 16, 2023 – Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the fourth quarter and for the year ended December 31, 2022. Fourth Quarter of 2022 Results Overview Revenue for the fourth quarter of 2022 was$ 403 million, as compared to $412 million in the ...