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TowerJazz Showcasing Advanced Solutions at Image Sensors Conference in London on March 19-21, 2013



  TowerJazz Showcasing Advanced Solutions at Image Sensors Conference in
  London on March 19-21, 2013

Expanded pixel offering targeting X-ray, high-end photography, industrial and
                           automotive applications

Business Wire

MIGDAL HAEMEK, Israel -- March 20, 2013

TowerJazz, the global specialty foundry leader, today announced it will
participate at the Image Sensors 2013 conference in London to showcase its
advanced CMOS image sensor (CIS) solutions and expanded pixel offering for the
fast growing X-ray, high-end photography, industrial, and automotive
applications. According to Yole Developpement’s 2012 CMOS image sensor report,
the high-end sensors market revenue is predicted to maintain an average annual
CAGR of 13%.

TowerJazz offers pixels with improved sensitivity and resolution in NIR (Near
Infra-Red) which are attractive for automotive driver assistance sensors and
3D gesture control applications. In addition, the foundry now offers small
global shutter pixels on 0.11um CIS hybrid process that includes a thin
optical stack solution for improved angular response.

“TowerJazz is the leading specialty foundry serving the majority of Europe for
specialty CMOS image sensors and a substantial portion of the US and Asia
Pacific. As such, we support our customers’ roadmaps by developing solutions
tailored to their needs. Also, we offer production capabilities in three
geographical regions which helps mitigate any production risk,” said Dr. Avi
Strum, Vice President and General Manager, CMOS Image Sensor Business Unit and
Vice President of Sales for Europe. “We expect that high-end photography
customers will find the outstanding low levels of defective pixels offered in
our facility in Nishiwaki, Japan very attractive for DSLR products.”

TowerJazz is a gold sponsor of IS2013, being held at the Park Plaza Victoria
London. For more information please visit www.towerjazz.com or
http://www.image-sensors.com/home.aspx.

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
Europe Company/Media Contact:
Limor Silberberg, +972-4-604-7738
limor.silberberg@towerjazz.com
or
Investor Relations Contact:
Noit Levi, +972-4-604-7066
noit.levi@towerjazz.com
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