Tower Semiconductor(TSEM) - 2024 Q1 - Quarterly Report

Tower Semiconductor Reports 2024 First Quarter Financial Results Reiterating Revenue Growth throughout the Year MIGDAL HAEMEK, ISRAEL – May 9, 2024 – Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the first quarter ended March 31, 2024. First Quarter of 2024 Results Overview Revenue for the first quarter of 2024 was 327millionascomparedto327 million as compared to 352 million for the fourth quarter of 2023. Revenue for the first quarter of 2023 was $356 million. Gross profit for the first quarter ...