Tower Semiconductor Ltd. — Capital/Financing Update 2007

Mar 15, 2007

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C003����� ����������� ��"�2PublicTOWER SEMICONDUCTOR LTD.5136Corporation no: 520041997Stock Exchange/Market: �����309381P.O.B 619 , Migdal Haemek 23105 , ,Tel: 04-6506611 , 04-6506670 Fax: 04-6547788E.mail address: natiso@towersemi.comDate of transmission: 15/03/2007              Time of broadcast: 11:23 11:15:53

Reference: 2007-02-337241

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Other Report or AnnouncementRegulation 5 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000 The corporation is a foreign private issuer as defined by U.S. Securities Laws.

Attached hereto is a report on	Tower Semiconductor Announces $29 Million Equity Private Placement to US Institutional Investors

Private_Placement_March07_isa.pdf

The related 6-k will be filed by a subsequant Magna filling
References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
Previous names of reporting entity:
Date of revision of form structure: 28/02/2007
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Name of the Signatory: : Back-Frimer Dina , , Position of Signatory in the reporting corporation: Lawyer
P.O.B Telephone: 04-6506436 , Facsimile: 04-6547788 , E-mail: dinaback@towersemi.com