TowerJazz CEO, Russell Ellwanger to Provide Opening Keynote at Global Semiconductor Forum 2013 on March 14 in Shanghai, China

  TowerJazz CEO, Russell Ellwanger to Provide Opening Keynote at Global
  Semiconductor Forum 2013 on March 14 in Shanghai, China

 TowerJazz to Offer Advanced RF Design Enablement Workshop at EDICon 2013 on
                        March 12-14 in Beijing, China

GSF 2013 EDICon 2013

Business Wire

NISHIWAKI, Japan -- March 7, 2013

TowerJazz, the global specialty foundry leader, today announced its CEO,
Russell Ellwanger will provide the opening keynote at the Global Semiconductor
Forum (GSF) 2013 on March 14 at the Pudong Shangri La Hotel in Shanghai,
China. Mr. Ellwanger will discuss industry megatrends served through analog
technology and how TowerJazz’s advanced specialty solutions meet the specific
requirements of these growing trends. The opening keynote on March 14, 2013
will take place at 08:00 – 08:35.

In addition, during March 12-14, 2013 at the Electronic Design Innovation
Conference (EDICon) in Beijing, China, TowerJazz’s Director of Design
Enablement & CAD, Ofer Tamir will lead an interactive workshop to provide a
hands-on experience showcasing TowerJazz’s industry leading design support
services and design enablement tools/capabilities. The workshop will feature
Mentor®’s Calibre® PERC™ capability in TowerJazz design kits, TowerJazz’s
advanced RF models and advanced RF technology.

The Calibre PERC platform enables TowerJazz customers to perform circuit
reliability verification for their latest 0.18 micron products going beyond
traditional DRC and ERC tools so designers can run highly complex checks that
are customized to specific design requirements as they relate to our foundry
manufacturing processes.

“We are placing a strong emphasis on business in China as it consumes almost
50% of the world’s ICs and internal China fabs can only cover 10% of the need.
As will be seen by both Russell’s keynote at GSF and Ofer’s workshop at
EDICon, our advanced specialty technologies and strong design tools will help
address the needs of China semiconductor companies and design houses to
increase their RF design capabilities, thereby maximizing their IC
performance. Our increased presence in China is a further testament to
TowerJazz’s commitment to meet the growing demands of the APAC region,” said
Todd Mahlen, Vice President of APAC Sales and Power Business Development.

EDICon attendees can visit TowerJazz at booth #204. For more information,
please visit the company website (http://www.towerjazz.com) or the conference
websites: http://www.arena-international.com/gsf and
http://www.ediconchina.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.

Contact:

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