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INFORMATION ON GEOGRAPHIC AREAS AND MAJOR CUSTOMERS | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
INFORMATION ON GEOGRAPHIC AREAS AND MAJOR CUSTOMERS | NOTE 15: INFORMATION ON GEOGRAPHIC AREAS AND MAJOR CUSTOMERS A. Revenues by Geographic Area - as Percentage of Total Revenue Years ended December 31, 2024, 2023 and 2022:
Details |  | 2024 |  |  | 2023 |  |  | 2022 |
USA |  |  | 42 | % |  |  | 46 | % |  |  | 49 | %
Japan |  |  | 16 |  |  |  | 17 |  |  |  | 16 |
Asia (other than Japan) |  |  | 33 |  |  |  | 27 |  |  |  | 26 |
Europe |  |  | 9 |  |  |  | 10 |  |  |  | 9 |
Total |  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
The basis of attributing revenues from external customers to a certain geographic area is based on the headquarters’ location of the customer issuing the purchase order. B. Long-Lived Assets by Geographic Area Substantially all of Tower’s long-lived assets are located in Israel, substantially all of TSNB’s and TSSA’s long-lived assets are located in the United States, substantially all of TPSCo’s long-lived assets are located in Japan and substantially all of TSIT’s long-lived assets are located in Italy. As of December 31, 2024 and 2023:
Details |  | 2024 |  |  | 2023 |
Israel |  | $ | 279,023 |  |  | $ | 254,868 |
United States |  |  | 322,947 |  |  |  | 250,560 |
Europe |  |  | 452,557 |  |  |  | 371,583 |
Japan |  |  | 232,095 |  |  |  | 278,918 |
|  | $ | 1,286,622 |  |  | $ | 1,155,929 |
C. Major Customers - as Percentage of Net Accounts Receivable Balance As of December 31, 2024, two customers exceeded 10% of the net accounts receivable balance. As of December 31, 2023, one customer exceeded 10% of the net accounts receivable balance. D. Major Customers - as Percentage of Total Revenue Years ended December 31, 2024, 2023 and 2022:
Details |  | 2024 |  |  | 2023 |  |  | 2022 |
Customer A |  |  | 13 | % |  |  | 14 | % |  |  | 14 | %
Customer B |  |  | 11 |  |  |  | 9 |  |  |  | 9 |
Other customers * |  |  | 16 |  |  |  | 21 |  |  |  | 24 |
| * | Represents aggregated revenue to three customers that accounted for between 3% and 9% of total revenue during 2024, to three customers that accounted for between 3% and 9% of total revenue during 2023, and to four customers that accounted for between 4% and 8% of total revenue during 2022.
E. Reportable Segment (i) The Company believes it is driving its revenues from a single reportable segment, which is its analog foundry operations that is providing semiconductor solutions offering a broad range of process technologies. To provide the capacity and expanded capabilities for its customers, as of December 31, 2024, the Company owns multiple facilities and is sharing capacity and/ or ownership in other facilities as described in Note 1. (ii) Since the Company has a single reportable segment, the accounting policies of the segment are the same as those described in the summary of significant accounting policies. The chief operating decision maker (“CODM”) assesses performance and decides how to allocate resources based on the consolidated results of the Company. (iii) Since the Company has a single reportable segment, its CODM does not allocate resources among segments but is responsible for allocating the entity’s resources. The CODM uses the consolidated measures of profit or loss mostly when assessing performance rather than allocating resources. (iv) Since the Company has a single reportable segment, it manages its business activities on a consolidated basis. (v) The Company’s chief operating decision maker is the chief executive officer of the Company.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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