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 ...