TowerJazz Announces 8th Annual U.S. Technical Global Symposium to Be Held on November 12-13, 2013 at the Hyatt Regency, Irvine,

  TowerJazz Announces 8th Annual U.S. Technical Global Symposium to Be Held on
  November 12-13, 2013 at the Hyatt Regency, Irvine, CA

Aerospace, Defense and Commercial solutions to be presented by executives from
government agencies, leading technology companies such as Samsung, and others

Business Wire

NEWPORT BEACH, Calif. -- October 23, 2013

TowerJazz, the global specialty foundry leader, announced today its eighth
annual technology conference, the TowerJazz Technical Global Symposium (TGS)
to be held at the Hyatt Regency, Irvine, California on November 12-13, 2013.
TGS is offered at no cost to attendees and will be comprised of an Aerospace
and Defense focused day on November 12 and a Commercial day on November 13.
The theme for TGS 2013 is “From Innovation to Manufacturing for a Smart World”
and guest speakers include executives from: Army NVESD (Night Vision
Electronic Sensors Directorate), BAE Systems, Cavendish-Kinetics, Dresden
University of Technology (Germany), IHS/iSuppli, Naval Research Lab, Raytheon
Vision Systems, Samsung R&D America, Space Micro, SRI International, UC San
Diego, and Virginia Tech.

The Aerospace and Defense focused day on November 12 will feature TowerJazz
customer talks on CMOS imagers for aerospace and defense applications;
day/night image sensors to assist soldiers in the field; large format, high
performance readout integrated circuits (ROICs) for E/O applications;
microwave array technology for reconfigurable integrated circuits;
high-performance CMOS imager technology for Solar Orbiter Space Mission;
prospective on DARPA and integrated circuit research; high-performance SiGe as
an enabling technology for microwave/mmWave transceivers and phased arrays;
and interpolating and modulating quadrature DAC for spacecraft transmitters.
In addition, TowerJazz executives will provide overviews and roadmaps on its
enabling technologies: high performance SiGe, RF, mmWave and CMOS image
sensors, along with CMOS, ROIC, MEMS and TSV.

The TGS Commercial day on November 13 will highlight TowerJazz’s strategy and
achievements as well as capacity expansion. The keynote will be presented by
TowerJazz CEO, Russell Ellwanger, and will discuss the industry megatrends
served through analog technology: “green” energy, seamless connectivity, and
multi-function systems. Other company executives will present TowerJazz’s
latest process technology advancements including: a next-generation RF SOI
platform for handset RF switches and antenna tuners, power amplifier (PA) SiGe
technology with advanced features such as thick-Cu interconnects,
high-resistivity substrates and TSV, RF MEMS, 0.18um BCD with very-low Rdson
devices for power management ICs, and 700V technology for LED lighting and
AC/DC conversion, among others. TowerJazz customers will also present on
topics such as: 5G mmWave mobile communications, ultimate physical limits of
SiGe HBT technology (and roadmap), and tunable RF MEMS solutions for the
mobile wireless market. In addition, a semiconductor industry outlook from
analyst firm, IHS/iSuppli will be provided.

“We are excited to once again host our valued customers at our eighth annual
technology symposium in the US. We have recently completed successful events
in Japan, China and Israel where we discussed how our advanced specialty
process technologies address industry megatrends,” said Russell Ellwanger,
TowerJazz CEO. “In addition, we have a number of customer applications enabled
by TowerJazz process technologies which will be presented by executives from
leading companies. I am proud of the work by our TowerJazz team and very
pleased with the participation of our customers and partners in this event. We
look forward to continuing our strong customer relationships in the military
and space communities as well as in the commercial arena while maintaining our
leadership position in technology, innovation and manufacturing.”

In addition to networking with TowerJazz executives and customers, attendees
will have an opportunity to meet with major EDA vendors and IP providers who
will be available to discuss the most comprehensive and updated design
solutions. TGS gold sponsors include: Cadence, Mentor Graphics, Silvaco, SST
Microchip, and Synopsys. TGS silver sponsors include: AWR, Agilent
Technologies, FlipChip, GDSI, ICScape, Kilopass, Photronics,
Presto-Engineering, Tanner EDA, and Quik-Pak. Sponsor exhibit tables will be
provided on both days of the event and a reception will be hosted by TowerJazz
at the Hyatt Regency, Irvine on the evening of November 12, 2013.

For more information or to register, please visit:
http://towerjazz.com/tgsus2013.html.

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, offering a broad range of customizable process technologies
including: SiGe, BiCMOS, Mixed-Signal/CMOS, RFCMOS, CMOS Image Sensor, Power
Management (BCD), and MEMS capabilities. TowerJazz also provides a world-class
design enablement platform that enables a quick and accurate design cycle. In
addition, TowerJazz provides (TOPS) Transfer Optimization and development
Process Services to IDMs and fabless companies that need to expand capacity.
TowerJazz offers multi-fab sourcing with two manufacturing facilities in
Israel, one in the U.S., and one in Japan. 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 Contact in the US:
Lauri Julian, +1 949-715-3049
lauri.julian@towerjazz.com
or
Investor Relations Contact:
Noit Levi, +972-4-604-7066
noit.levi@towerjazz.com