Tower Semiconductor(TSEM) - 2022 Q1 - Quarterly Report

Exhibit 99.1 Tower Semiconductor Reports First Quarter 2022 Record revenue of 421 Million, a 21 Percent Year over Year Revenue Growth MIGDAL HAEMEK, ISRAEL – May 16, 2022– Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the first quarter ended March 31, 2022. First Quarter of 2022 Results Overview Revenue for the first quarter of 2022 was 421 million, as compared to $347 million in the first quarter of 2021, reflecting 21% revenue growth. Organic revenue for the first quarter ...