TowerJazz Announces 1st Technical Global Symposium in Japan to be held in Tokyo on December 4, 2012

  TowerJazz Announces 1st Technical Global Symposium in Japan to be held in
                          Tokyo on December 4, 2012

TowerJazz Japan highlights successful transition from DRAM fab to Analog/Power
fab

PR Newswire

NISHIWAKI, Japan, Oct. 29, 2012

NISHIWAKI, Japan, Oct.29, 2012 /PRNewswire/ --TowerJazz, the global
specialty foundry leader, announced today its first Technical Global Symposium
(TGS) in Japan being held on December 4, 2012 at the Tokyo Conference Center
Shinagawa.Presentations will highlight TowerJazz's 2012 theme of "Pursuit of
Excellence" in all the areas of its organization and will emphasize its
Japanese presence through its subsidiary TowerJazz Japan and the successful
transition of this factory from DRAM to a highly efficient, qualified
analog/power manufacturing site.

(Logo: http://photos.prnewswire.com/prnh/20120509/531192)

The one-day event will include a keynote from TowerJazz CEO, Russell Ellwanger
as well as presentations by additional company executives. This symposium will
further strengthen TowerJazz's visibility among Japanese semiconductor
companies, research institutions and academicians and build awareness for
TowerJazz's broad range of specialty process technologies and design
enablement capabilities.

"Our worldwide presence continues to grow and as well as our multi-sourcing
capabilities as we have successfully transferred several process flows to the
Nishiwaki factory. We recently celebrated our first anniversary of the
acquisition of this high volume facility and we are very pleased with the
progress and most impressed with the capable and passionate employees who have
implemented many changes in business model and consequent activities in a
proactive and cost efficient manner," said Russell Ellwanger, TowerJazz Chief
Executive Officer. "At the Nishiwaki fab we have already won multiple IDM
transfer projects, assisted by the implementation of our well known transfer
methodologies. In addition, due to our local presence, we have started process
transfer activities from Japanese integrated device makers to our Israeli Fab
and gained additional new designs to our technology offerings in both Newport
Beach and Migdal Haemek. The integration of this facility into the TowerJazz
family has been seamless. We look forward to this fab becoming the highest
volume, most efficient 200mm semiconductor factory in the world."

"We are excited about the transition of the Nishiwaki facility from DRAM to an
analog/power fab and are looking forward to many new opportunities for local
business. We have experienced a number of achievements in the first year of
TowerJazz Japan and we anticipate transferring more process technologies to
Japan in the coming months and years," said Kenichi Katsumoto, Managing and
Representative Director of TowerJazz Japan. "With our fab in Japan, we can
provide an advantage to local customers as well as customers all over the Asia
Pacific region who will benefit from our advanced specialty offerings. Through
this symposium, attendees will gain knowledge about our technology offerings
and local foundry capabilities. We anticipate building relationships with new
customers in the near future."

Registration for the TowerJazz Global Symposium (TGS) in Japan is available on
TowerJazz's website at www.towerjazz.com. The symposium will be held on
December 4, 2012 from 10:00-17:00 at the Tokyo Conference Center Shinagawa.
For additional information, please contact Shoko Saimiya at
saimiya@towerjazz.com.

About TowerJazz
Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), its fully owned U.S.
subsidiary Jazz Semiconductor Ltd., and its fully owned Japanese subsidiary
TowerJazz Japan, Ltd., operate collectively under the brand name TowerJazz,
the global specialty foundry leader. TowerJazz manufactures integrated
circuits with geometries ranging from 1.0 to 0.13-micron, offering a broad
range of customizable process technologies including: SiGe, BiCMOS,
Mixed-Signal and RFCMOS, CMOS Image Sensor, Power Management (BCD), and
Non-Volatile Memory (NVM) as well as CMOS and MEMS capabilities. TowerJazz
also offers a world-class design enablement platform that complements its
sophisticated technology and enables a quick and accurate design cycle. In
addition, TowerJazz provides (TOPS) Technology Optimization Process Services
to IDMs as well as fabless companies that need to expand capacity, or progress
from an R&D line to a production line. To provide multi-fab sourcing,
TowerJazz maintains two manufacturing facilities in Israel, one in the U.S.,
and one in Japan with additional capacity available in China through
manufacturing partnerships. For more information, please visit
www.towerjazz.com.

Safe Harbor Regarding Forward-Looking Statements
This press release includes forward-looking statements, which are subject to
risks and uncertainties. Actual results may vary from those projected or
implied by such forward-looking statements. A complete discussion of risks and
uncertainties that may affect the accuracy of forward-looking statements
included in this press release or which may otherwise affect TowerJazz's
business is included under the heading "Risk Factors" in Tower's most recent
filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the Securities and
Exchange Commission (the "SEC") and the Israel Securities Authority and Jazz's
most recent filings on Forms 10-K and 10-Q, as were filed with the SEC,
respectively. Tower and Jazz do not intend to update, and expressly disclaim
any obligation to update, the information contained in this
release.

Company/Media Contact in Asia: Shoko Saimiya | 81-795-23-6609 |
saimiya@towerjazz.com
Investor Relations Contact: Noit Levi | +972-4-604-7066 |
noit.levi@towerjazz.com

SOURCE TowerJazz

Website: http://www.towerjazz.com