<SEC-DOCUMENT>0001178913-25-001965.txt : 20250527
<SEC-HEADER>0001178913-25-001965.hdr.sgml : 20250527
<ACCEPTANCE-DATETIME>20250527155733
ACCESSION NUMBER:		0001178913-25-001965
CONFORMED SUBMISSION TYPE:	SD
PUBLIC DOCUMENT COUNT:		2
<RULE>
<RULE-NAME>13p-1
<ITEM>
<ITEM-NUMBER>1.01
<ITEM-PERIOD>20241231
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<ITEM>
<ITEM-NUMBER>1.02
<ITEM-PERIOD>20241231
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</RULE>
FILED AS OF DATE:		20250527
DATE AS OF CHANGE:		20250527

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOWER SEMICONDUCTOR LTD
		CENTRAL INDEX KEY:			0000928876
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SD
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24790
		FILM NUMBER:		25987918

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		RAMAT GAVRIEL INDUSTRIAL PARK
		STREET 2:		PO BOX 619
		CITY:			MIGDAL HAEMEK
		PROVINCE COUNTRY:   	L3
		ZIP:			2310502
		BUSINESS PHONE:		972522478856

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		RAMAT GAVRIEL INDUSTRIAL PARK
		STREET 2:		PO BOX 619
		CITY:			MIGDAL HAEMEK
		PROVINCE COUNTRY:   	L3
		ZIP:			2310502
</SEC-HEADER>
<DOCUMENT>
<TYPE>SD
<SEQUENCE>1
<FILENAME>zk2533278.htm
<DESCRIPTION>SD
<TEXT>
<html>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM SD</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Specialized Disclosure Report</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">TOWER SEMICONDUCTOR LTD.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">(Exact name of registrant as specified in its charter)</div>
    <div style="text-align: center; line-height: 1.25;">
      <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="background-color: #FFFFFF; letter-spacing: normal; width: 100%; word-spacing: 0px; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; text-transform: none;" id="z3bf2d5c39aea46c8a0357350bb0a0f42">

          <tr>
            <td style="width: 30%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">ISRAEL</div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td style="width: 30%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">000-24790</div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td style="width: 30%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">N/A</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: bottom;">
              <div style="text-align: center; line-height: 1.25;">(State or other jurisdiction</div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 30%; vertical-align: bottom;">
              <div style="text-align: center; line-height: 1.25;">(Commission</div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 30%; vertical-align: bottom;">
              <div style="text-align: center; line-height: 1.25;">(IRS Employer</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: bottom;">
              <div style="text-align: center; line-height: 1.25;">of incorporation or organization)</div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 30%; vertical-align: bottom;">
              <div style="text-align: center; line-height: 1.25;">File Number)</div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 30%; vertical-align: bottom;">
              <div style="text-align: center; line-height: 1.25;">Identification No.)</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" border="0" id="zf283ba14decb43999d1498fae717e65d" style="background-color: #FFFFFF; letter-spacing: normal; width: 100%; word-spacing: 0px; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; text-transform: none;">

          <tr>
            <td style="width: 48%; vertical-align: bottom;" rowspan="1">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;" rowspan="1">&#160;</td>
            <td style="width: 48%; vertical-align: bottom;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 48%; vertical-align: bottom;">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Ramat Gavriel Industrial Park, P.O. Box 619,</div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 48%; vertical-align: bottom;">
              <div style="text-align: center; margin-left: 0.5pt; line-height: 1.25; font-weight: bold;"><br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 48%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Migdal Haemek, Israel</div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; padding-bottom: 2px;" rowspan="1">&#160;</td>
            <td style="width: 48%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
              <div style="text-align: center; line-height: 1.25;">
                <div style="line-height: 1.25; font-weight: bold;">2310502</div>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 48%; vertical-align: bottom;" rowspan="1">
              <div style="text-align: center; line-height: 1.25;">(Address of principal executive offices)</div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;" rowspan="1">&#160;</td>
            <td style="width: 48%; vertical-align: bottom;" rowspan="1">
              <div style="text-align: center; line-height: 1.25;">(Zip Code)</div>
            </td>
          </tr>

      </table>
      <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.25; font-weight: bold;">Nati Somekh</div>
      <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.25; font-weight: bold;">Telephone:
        +972-4-650-6109</div>
    </div>
    <div style="text-align: center; line-height: 1.25;"> <br>
    </div>
    <div style="text-align: center; line-height: 1.25;">(Name and telephone number, including area code, of the person to contact in connection with this report.)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Check the appropriate box to indicate the rule pursuant to which this Form is being filed, and provide the period to which the information in this Form applies:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">&#9746;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31,&#160; 2024.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">&#9744;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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    <!--PROfilePageNumberReset%Num%2%%%-->
    <div style="line-height: 1.25; font-weight: bold;">SECTION 1 &#8211; CONFLICT MINERALS DISCLOSURE</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Item 1.01. Conflict Minerals Disclosure and Report.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Conflict Minerals Disclosure</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="margin-right: 0.05pt; line-height: 1.25;">This Specialized Disclosure Report on Form SD (&#8220;Form SD&#8221;) of Tower Semiconductor Ltd. for the year ended December 31, 2024 is presented to comply with Rule 13p-1 under the Securities Exchange Act of
      1934 (the &#8220;Rule&#8221;). Unless the context indicates otherwise, &#8220;Tower,&#8221; &#8220;we,&#8221; &#8220;us&#8221; and &#8220;our&#8221; refers to Tower Semiconductor Ltd. and its consolidated subsidiaries as of December 31, 2024.&#160; This Form SD and the conflict minerals report, filed as Exhibit
      1.01 hereto, are publicly available on our website at <u>https://ir.towersemi.com/financial-information/sec-filings</u><u>.</u></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="margin-right: 0.05pt; line-height: 1.25;"><u>The content of any website referred to in this Form SD is included for general information only and is not incorporated by reference into this document.</u></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Item 1.02. Exhibit.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">The Conflict Minerals Report required by Item 1.01 of Form SD is filed as Exhibit 1.01 to this Form SD.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">SECTION 2 &#8211; RESOURCE EXTRACTION ISSUER DISCLOSURE</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Item 2.01. Resource Extraction Issuer Disclosure and Report.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Not applicable.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">SECTION 3 &#8211; EXHIBITS</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Item 3.01. Exhibits.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><a href="exhibit_1-01.htm"><u>Exhibit 1.01 &#8211; Conflict minerals report for the reporting period
          January 1, 2024 to December 31, 2024, as required by Items 1.01 and 1.02 of this Form SD</u></a></div>
    <div style="text-align: center; line-height: 1.25;"><u> <br>
      </u></div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div style="line-height: 1.25;"><a href="#page6"> <br>
      </a></div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">SIGNATURES</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
      <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.25;">Tower Semiconductor Ltd.</div>
      <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.25;">(Registrant)</div>
      <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.25;"><br>
      </div>
      <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="zcafdf0f7a69b411392e1a3ae81bd89ec">

            <tr>
              <td style="width: 50%;">
                <div>By:&#160;<u>/s/ Nati Somekh</u><br>
                </div>
              </td>
              <td style="width: 50%;">
                <div>
                  <div style="text-align: left; line-height: 1.25;">May 27, 2025</div>
                </div>
              </td>
            </tr>
            <tr>
              <td colspan="2" rowspan="1">
                <div>Nati Somekh</div>
                <div>Senior Vice President, Chief Legal Officer and Corporate Secretary</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <br>
  </div>
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<DOCUMENT>
<TYPE>EX-1.01
<SEQUENCE>2
<FILENAME>exhibit_1-01.htm
<DESCRIPTION>EXHIBIT 1.01
<TEXT>
<html>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
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  <div>
    <div style="text-align: right; line-height: 1.25; font-weight: bold;"><u>Exhibit 1.01</u></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <br>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Tower Semiconductor Ltd.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Conflict Minerals Report</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">For the Year Ended December 31, 2024</div>
    <div style="line-height: 1.25; font-weight: bold;">Introduction</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">This conflict minerals report is presented by Tower Semiconductor Ltd. (unless the context indicates otherwise, &#8220;Tower,&#8221; &#8220;Company,&#8221;
      &#8220;we,&#8221; &#8220;us&#8221; and &#8220;our&#8221; refers to Tower Semiconductor Ltd. and its consolidated subsidiaries for 2024) to comply with Section 13(p) of the Securities Exchange Act of 1934 and Rule 13p-1 (the &#8220;Rule&#8221;) and Form SD adopted thereunder. The Rule imposes
      certain reporting obligations on SEC registrants for whom conflict minerals are necessary for the functionality or production of products by the registrant or contracted by the registrant to be processed (such minerals are referred to as &#8220;necessary
      conflict minerals&#8221;). &#8220;Conflict minerals&#8221; are defined as gold as well as columbite-tantalite (coltan), cassiterite, wolframite, or their derivatives, which are limited to tin, tantalum and tungsten (collectively referred to as &#8220;3TG Minerals&#8221;).</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">With respect to its necessary conflict minerals, the registrant must conduct in good faith a reasonable country of origin inquiry
      designed to determine whether any of its necessary conflict minerals originated in the Democratic Republic of the Congo (&#8220;DRC&#8221;) or an adjoining country, collectively defined as the &#8220;Covered Countries&#8221;. If, based on such inquiry, the registrant knows
      or has reason to believe that any of its necessary conflict minerals originated or may have originated in a Covered Country and knows or has reason to believe that those necessary conflict minerals may not be solely from recycled or scrap sources,
      the registrant must conduct due diligence on the source and chain of custody of its necessary conflict minerals in order to determine whether such necessary conflict minerals directly or indirectly finance or benefit armed groups in the Covered
      Countries, and it must submit a conflict minerals report as an exhibit to its Form SD that includes a description of those due diligence measures.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">We are a leading foundry of high-value analog semiconductor solutions, and provide technology, development, and process platforms for our
      customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense.&#160; As a pure-play foundry, we do not offer products of our own. We currently offer the process technology geometries of
      0.35, 0.18, 0.16 and 0.13 -micron on 200-mm wafers and 65 nanometer on 300-mm wafers. We also provide design support and complementary technical services.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">We currently operate five facilities (&#8220;fabs&#8221;) in several geographic regions: one fab (for 200mm wafers) located in Migdal Haemek, Israel,
      one fab (for 200mm wafers) located in Newport Beach, California, one fab (for 200mm wafers) located in San Antonio, Texas and two additional fabs (for 200mm and 300mm wafers) located in the Hokuriku region of Japan. In addition, we contract to
      manufacture certain of our products in two facilities operated by third parties, as follows: (i) we share a 300mm wafer facility operated by STMicroelectronics (&#8220;ST&#8221;) in Agrate, Italy, where production of our products began in the fourth quarter of
      2024, and (ii) we have access to a 300mm wafer corridor located in a New Mexico factory of Intel Corporation, which is not yet qualified for production as of the date of this Form SD.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">To comply with the Rule, we reviewed the wafers we processed in 2024 to determine whether conflict minerals were necessary for their
      functionality or production. Based on this review, we determined that tungsten and/or tantalum were used in the processing of most of the wafers we process and are contained in certain of the wafers we process.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">The content of any website referred to in this conflict minerals report is included for general information only and is not incorporated
      by reference into this document.</div>
    <div style="text-align: justify; line-height: 1.25;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Supply Chain Description</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">All of our wafers are processed in our own fabs, except that as of the fourth quarter of 2024, some of our wafers are manufactured by a
      fab operated by ST. Tower does not purchase any tungsten or tantalum directly from smelters, refiners or mines, and is many steps away in the supply chain from the mining of the necessary conflict minerals in the wafers we process. Rather, the
      necessary conflict minerals are obtained from our direct suppliers or are obtained by ST from its suppliers, which obtain them from a variety of sources worldwide. As a result, we rely on our direct suppliers and ST to assist with our reasonable
      country of origin investigation (&#8220;RCOI&#8221;) and due diligence efforts, including the identification of smelters and refiners as the source of any necessary conflict minerals contained in the materials or products which our direct suppliers or ST supply
      to us, respectively. Tower has no access to and did not reach out directly to suppliers of ST or to the suppliers of our direct suppliers.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Description of Reasonable Country of Origin Inquiry</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">As indicated, Tower concluded that during 2024, it had processed wafers in which tungsten and/or tantalum were necessary for their
      functionality or production. As a result, we conducted in good faith an RCOI that was designed to reasonably determine whether any of our necessary conflict minerals originated in the Covered Countries or were from recycled or scrap sources.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">As part of the RCOI, we conducted a supply chain survey of our direct suppliers of tungsten and tantalum (and of any material used in our
      processes that contains tungsten or tantalum) and of ST to obtain country of origin information using the Conflict Minerals Reporting Template (the &#8220;Template&#8221; or &#8220;CMRT&#8221;), which is a standardized survey tool published by the Responsible Minerals
      Initiative (&#8220;RMI&#8221;). RMI operates the Responsible Mineral Assurance Process (&#8220;RMAP&#8221;), a program that identifies smelters and refiners that produce responsibly sourced materials by using third-party auditors to independently verify that these smelters
      and refiners have systems in place to responsibly source minerals in conformance with RMAP standards. The Template, which requests that our direct suppliers and ST identify the smelters, refiners and countries of origin of the necessary conflict
      minerals they supply to Tower&#160; or to ST, was developed to facilitate disclosure and communication of information regarding smelters and refiners that provide material in a company&#8217;s supply chain. The Template includes, among others, questions
      regarding a company&#8217;s conflict-free policy, engagement with its direct suppliers, and a listing of the smelters the company and its suppliers use. In addition, the Template contains questions about the origin of conflict minerals included in their
      products, as well as supplier due diligence. Written instructions regarding use of the questionnaire and other information about RMI and RMAP is available on RMI&#8217;s website at https://www.responsiblemineralsinitiative.org/.&#160; Information on the website
      does not constitute part of this document.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">We received responses from all of our direct suppliers of tungsten and tantalum (and from all of our direct suppliers of any material used
      in our processes that contain tungsten or tantalum) and from ST. We then confirmed whether or not each smelter or refiner or their suppliers identified as providing conflict minerals was found to be conformant with RMAP standards.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Design and Description of Conflict Minerals Diligence Program</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Our due diligence efforts have been designed to conform, in all material respects, with the framework provided by the Organization for
      Economic Cooperation and Development&#8217;s (&#8220;OECD&#8217;s&#8221;) &#8220;Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected And High-Risk Areas&#8221; (Third Edition, April 2016) (the &#8220;OECD Guidance&#8221;).</div>
    <div style="text-align: justify; line-height: 1.25;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Consistent with the OECD Guidance, our due diligence in respect of 2024 consisted of a five-step process described below:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zf18e2868b4c646649d4215646c1b7f72" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 28.75pt; vertical-align: top; font-weight: bold;">(i)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Establish Strong Company Management Systems</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="margin-right: 21pt; line-height: 1.25;">Tower is dedicated to corporate social responsibility and has adopted several management systems to address the issue
      of conflict minerals used in the processing of, and/or contained in, the wafers it processes, including:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z1b47ce998b714cb3a33c026d9bdb2680" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 28.75pt; vertical-align: top;">a)</td>
          <td style="width: auto; vertical-align: top;">
            <div>a code of ethics requiring all employees, officers and directors to comply with all applicable laws, rules and regulations of the U.S., Israel and other countries
              (available at: <u>https://towersemi.com/about/corporate-social-responsibility-esg/social/</u>,</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zf0aafa95a8a040d58ca194b8ae7249ca" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 28.75pt; vertical-align: top;">b)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>compliance since 2014 with the Responsible Business Alliance (RBA), which is a nonprofit comprised of electronics, retail, auto and toy companies. RBA members commit
              and are held accountable to a common Code of Conduct and utilize a range of RBA training and assessment tools to support continuous improvement in the social, environmental and ethical responsibility of their supply chains,</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="ze9890d02a67947bca39f99c86ff1cd50" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 28.75pt; vertical-align: top;">c)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>a code of ethics for suppliers requiring them to conduct their business in an ethical manner and act with integrity (and in the case of ST, ST&#8217;s code of conduct&#160; that
              we have confirmed aligns with these principles), including by confirming that products supplied to Tower do not contain metals derived from minerals or their derivatives originating from conflict regions that directly or indirectly finance or
              benefit armed groups,</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z8d2f7fde114140219ff44b15966b1add" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 28.75pt; vertical-align: top;">d)</td>
          <td style="width: auto; vertical-align: top;">
            <div>a conflict minerals policy as described below, and</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z26302542e7de400f887a7228ef551270" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 28.75pt; vertical-align: top;">e)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>a team of employees, consisting of senior operations, engineering, QA, regulatory compliance and legal personnel, that oversees implementation of the Company's conflict
              minerals compliance strategy (the &#8220;Conflict Minerals Oversight Team&#8221;). In addition, senior management is periodically briefed by the Company&#8217;s Corporate Compliance Officer about conflict minerals compliance efforts.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="margin-right: 9pt; line-height: 1.25;">The code of ethics for suppliers and the conflict minerals policy are each available at: <u>https://towersemi.com/about/corporate-social-responsibility-esg/social-supply-chain/</u>. Suppliers are required as part of the terms and conditions of their supply arrangements to the
      Company to comply with each such policy.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">The Company&#8217;s conflict minerals policy states, in part, that the Company:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="za820d632145841b58836874ff5a3c788" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 13.75pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Expects its suppliers to have in place policies and due diligence procedures that will confirm that products and components that they supply containing conflict
              minerals, including conflict minerals from Covered Countries, are in fact &#8220;conflict-free&#8221;, meaning that they do not directly or indirectly finance or benefit armed groups in Covered Countries;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zc3516beccad9421cb92c1dbc510d17fe" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 13.75pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Requires the Company's direct suppliers to provide it with annual declarations regarding their use of conflict minerals (utilizing a format described below);</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z2010aef915a748b0854f6823e3fd634b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 13.75pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Reserves the right to take appropriate action to enforce its conflict minerals policy, including discontinuing purchases from suppliers that fail to comply; and</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z8dccaeb9c6d04d309e7627164f422a0b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 13.75pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Is committed to responsible sourcing of conflict minerals throughout its supply chain and to continued compliance with applicable SEC rules and regulations in this
              area.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">The conflict minerals policy also directs any questions about such policy to the Company's Corporate Compliance Officer at <u>compliance.officer@towersemi.com</u>.</div>
    <div style="text-align: justify; line-height: 1.25;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">In addition to the measures described above and in order to provide transparency within our supply chain, we have adopted the Conflict
      Minerals Reporting Template (the &#8220;Template&#8221; or &#8220;CMRT&#8221;) to directly survey our suppliers and ST. The CMRT is a standardized survey tool published by the Responsible Minerals Initiative (&#8220;RMI&#8221;). RMI operates the Responsible Mineral Assurance Process
      (&#8220;RMAP&#8221;), a program that identifies smelters and refiners that produce responsibly sourced materials by using third-party auditors to independently verify that these smelters and refiners have systems in place designed to responsibly source minerals
      in conformance with RMAP standards.&#160; Pursuant to the terms and conditions attached to each purchase order we issue, our suppliers of 3TG Minerals are required to (i) submit a completed CMRT in January of each year, which covers the previous calendar
      year, and (ii) supply only conflict-free materials to Tower.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zb3d214794db24486ae7b93f479191d18" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 28.75pt; vertical-align: top; font-weight: bold;">(ii)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Identify and Assess Potential Risk in the Supply Chain</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">We have identified two potential risks regarding our suppliers, as follows: (i) not receiving timely or accurate information, and (ii)
      difficulty in replacing a supplier or ST should we determine that such supplier or ST obtained or appears to have obtained conflict minerals from sources that support armed conflict in the Covered Countries.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Because we do not purchase tungsten and tantalum directly from smelters, refiners or mines and are many steps removed in the supply
      chain from mining of such tungsten and tantalum, we focus our efforts on surveying our direct suppliers and ST who are required to survey their own suppliers (i.e., our upstream suppliers) in order to receive the required information. As indicated
      above, we use the Template to conduct such a survey of each of our direct suppliers and ST in order to identify and receive information regarding smelters and refiners of tungsten and tantalum in our supply chain.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Following an annual distribution of the Template to our direct suppliers of tungsten and/or tantalum or any material used in our
      processes that contains tungsten and/or tantalum and to ST, we follow-up to receive responses with completed CMRT from all of our suppliers and ST. Templates submitted by such direct suppliers and ST are reviewed for reasonableness and for missing or
      incomplete data, and we contact such direct suppliers and ST as necessary to obtain clarifications or additional information where needed. Thereafter, we compare the smelters or refiners identified by those suppliers and&#160; ST in their submitted
      Templates with the list of facilities designated by RMI as RMAP conformant.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">As disclosed on our website, our ethics helpline is available to employees and others to report any violations of the law or violations of
      our codes of ethics.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zc2bbc95b64ed43829e6ba8ee4a084c80" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 15.25pt;"><br>
          </td>
          <td style="width: 28.75pt; vertical-align: top; font-weight: bold;">(iii)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Design and Implement a Strategy to Respond to Identified Potential Risks</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Per the Company&#8217;s conflict minerals policy, we expect suppliers to have due diligence policies and procedures in place designed to
      confirm that materials that it supplies to Tower containing 3TG Minerals are in fact &#8220;conflict-free&#8221;, meaning that they do not directly or indirectly finance or benefit armed groups in the Covered Countries. If at any time the Company is not
      satisfied with a supplier's Template responses or believes that adequate policies and procedures are not in place, it reserves the right to take appropriate action to enforce its conflict minerals policy, including discontinuing purchases from such
      suppliers.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">In addition, the Conflict Minerals Oversight Team and Tower&#8217;s Corporate Compliance Officer are responsible for collecting and reviewing
      all relevant conflict minerals data and updating senior management so that they may adjust the corporate strategy to address any potential risks identified by such review. Senior management of the Company is periodically briefed by the Company&#8217;s
      Corporate Compliance Officer about conflict minerals compliance efforts.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">By taking these steps, we manage the risks associated with our supply chain by:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z9f999347b8e6434bb652417b04ad0ec7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 0.4pt;"><br>
          </td>
          <td style="width: 10.6pt; vertical-align: top;">-</td>
          <td style="width: auto; vertical-align: top;">
            <div>engaging with suppliers and ST in an effort to obtain current, accurate and complete information about their supply chains; and</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zd58087bfa8ff42978e71865a4ba025c1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 0.4pt;"><br>
          </td>
          <td style="width: 10.6pt; vertical-align: top;">-</td>
          <td style="width: auto; vertical-align: top;">
            <div>encouraging suppliers and ST to implement responsible sourcing policies and work with smelters and refiners that have obtained a &#8220;conflict-free&#8221; designation from a
              third-party auditor such as under RMAP.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Finally, we have established an escalation process to contact suppliers and ST upon obtaining any information that indicates that such
      suppliers or ST may be sourcing necessary conflict minerals from any of the Covered Countries without a &#8220;conflict free&#8221; designation. Steps considered by the Company in such instances may include requiring a contracted supplier or ST to find an
      alternative source for the necessary 3TG Minerals for use in products or components supplied to the Company, obtaining confirmation that the material provided to us is &#8220;conflict free&#8221;, or, if appropriate, in light of all relevant circumstances,
      seeking an alternate source of supply and suspending or terminating the Company&#8217;s contractual relationship with such supplier or ST.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
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            <td style="width: 28.75pt; vertical-align: top; font-weight: bold;"><font style="font-weight: bold;">(iv)</font> <br>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;"><font style="font-weight: bold;">Carry Out Independent Third-Party Audit of
                  Smelter/Refiner's Due Diligence Practices</font></div>
            </td>
          </tr>

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      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; line-height: 1.25;">The Template provided to our suppliers and ST requests information on the smelters and refiners used to provide the tungsten and
      tantalum in the wafers we process or that are processed by ST. We do not typically have a direct relationship with smelters and refiners of such minerals and are unable to perform or direct audits of these entities within our supply chain. Instead,
      we compare information regarding refiners and smelters provided by our suppliers and ST in their completed Templates with lists of refiners and smelters designated by RMI as RMAP conformant.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="ze268ebc359c34133885e26d57e40d937" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          </td>
          <td style="width: 28.75pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">(v)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Report Annually on Supply Chain Due Diligence</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">This conflict minerals report is available on our website at <u>https://ir.towersemi.com/financial-information/sec-filings</u>
      and has also been filed with the SEC.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Results of our Due Diligence Measures</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Inherent Limitations on Due Diligence Measures</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; margin-right: 1pt; line-height: 1.25;">We believe that following the OECD Guidance and usage of the Template represents a reasonable means to gather
      information on the source of conflict minerals in the products we process or have processed by ST.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Our due diligence measures can provide only reasonable, not absolute, assurance regarding the source and chain of custody of the
      necessary conflict minerals in the products we process or that are processed by ST. Our due diligence processes are based on the data received from our direct suppliers or ST, which in turn is based on information received by those suppliers and ST
      seeking similar data within their supply chains to identify the original sources of the necessary conflict minerals. We also rely, to a large extent, on information collected through the RMAP and designations made by RMI as part of RMAP, which may
      not yield accurate and complete information or make accurate designations in all cases.</div>
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    </div>
    <div style="line-height: 1.25; font-weight: bold;">Supplier Chain Survey Responses</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">As a result of our survey regarding 2024 activity, ST and three out of our six direct suppliers of tungsten or any material used in our
      processes that contain tungsten indicated that their supply chain includes smelters or refiners sourcing tungsten from the Covered Countries. In addition, ST and each of the six suppliers reported that all of the smelters or refiners they identified
      as suppliers of tungsten had been designated as RMAP conformant.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Regarding tantalum, ST and each of three direct suppliers of tantalum or any material used in our processes that contain tantalum
      indicated that their supply chain includes smelters or refiners sourcing tantalum from the Covered Countries. In addition, ST and each of these three suppliers reported that all of the smelters and refiners they identified as suppliers of tantalum
      had been designated as RMAP conformant.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">It should be noted that we do not have access to, and did not contact, suppliers who supply directly to ST or our direct suppliers.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Identified Countries of Origin of Tantalum and/or Tungsten</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">In addition, our suppliers and ST provided us with information regarding the countries of origin of the tantalum and tungsten supplied
      by certain of&#160; their smelters and refiners but did not provide specific country of origin information for all of these entities. Due to the incompleteness of the information received, Tower is unable at this time to determine and describe in this
      report a complete list of specific countries of origin of such conflict minerals.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Future Due Diligence Measures</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">For the calendar year ending December 31, 2024, we have engaged in the due diligence process described above. We expect to continue to
      attempt to validate responses from suppliers and ST using information collected through independent conflict-free smelter validation programs, such as that of RMAP, and plan to take measures as needed to address any significant potential risks that
      are identified through these due diligence efforts.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">This Form SD and conflict minerals report includes certain &#8220;forward-looking&#8221; statements within the meaning of Section 21E of the
      Securities Exchange Act of 1934. The use of the words &#8220;projects,&#8221; &#8220;expects,&#8221; &#8220;may,&#8221; &#8220;plans&#8221; or &#8220;intends,&#8221; or words of similar import, identifies a statement as &#8220;forward-looking&#8221;. There can be no assurance, however, that actual results will not differ
      materially from our expectations or projections. Factors that could cause actual results to differ from our expectations or projections include the risks and uncertainties relating to our business described in &#8220;Item 3. Key Information-D. Risk
      Factors&#8221; of our Annual Report on Form 20-F filed each year with the SEC.</div>
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