2021 Focus and Future Growth Drivers - TSEM Corporate Overview

Q4'20 Financial Results Highlights and Business Outlook ($ in million, except per share data) Q4'19 Q3'20 Q4'20 Revenues 306 310 345 11% quarter over quarter and 13% year over year growth Organic revenue growth of 20% quarter over quarter and 17% year over year Gross profit 55 53 70 Operating 19 19 33 profit Net profit 21 15 31 Significant increases in the fourth quarter of 2020 in gross profit, operating profit, EBITDA and net profit EPS-basic 0.19 0.14 0.29 EBITDA 75 79 96 Guides 15% Year Over Year Revenue Growth for the First Quarter of 2021; Expecting Quarterly Sequential Growth Throughout 2021 Tower Tower Semiconductor Confidential and Proprietary Information herein shall not be furnished to third parties or made public Semiconductor

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