2021 Focus and Future Growth Drivers - TSEM Corporate Overview

Balance Sheet ($ in million) December 31, 2020 September 30, 2020 December 31, 2019 CURRENT ASSETS Short-term deposits Marketable securities Trade accounts receivable Inventories Other current assets Total Current Assets Long-term investments Cash and cash equivalents 212 208 356 310 313 216 189 184 176 162 118 126 199 205 192 31 30 22 1,103 1,058 1,088 41 41 40 Property and equipment, net 839 781 682 Intangible assets, net 18 16 17 Deferred tax asset and other assets, net 93 89 106 TOTAL ASSETS 2,094 1,985 1,933 CURRENT LIABILITIES Short-term debt 107 87 66 Trade accounts payable 97 104 119 Customer prepayment and deferred revenue 10 10 10 Other current liabilities 59 58 58 Total Current Liabilities 273 259 253 Long-term debt 284 229 246 Employee related liabilities Customer prepayment Deferred tax liabilities TOTAL LIABILITIES Shareholders' Equity 16 17 13 25 26 28 41 40 46 639 571 586 TOTAL LIABILITIES & EQUITY 1,455 2,094 1,414 1,347 1,985 1,933 Tower Semiconductor Tower Semiconductor Confidential and Proprietary Information herein shall not be furnished to third parties or made public

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