Tower Semiconductor Ltd. — Investor Presentation 2006

Dec 28, 2006

Tower Semiconductor to Present at the Needham Growth Conference

MIGDAL HAEMEK, Israel, December 28, 2006 -- Tower Semiconductor Ltd. (NASDAQ: TSEM; TASE: TSEM), a pure-play independent specialty foundry, today announced that Mr. Russell Ellwanger, Chief Executive Officer, will present at the Ninth Annual Needham Growth Conference in New York City at the New York Palace Hotel.

Mr. Ellwanger is scheduled to present in the Kennedy I room on Friday, January 12[th] at 8:30 a.m. EST. The presentation will be web cast live, archived for 90 days after the conference and can be accessed from Tower’s website (Investors Relations / IR Events) at: http://www.towersemi.com/ or by using the following URL: http://www.wsw.com/webcast/needham16/tsem/

About Tower Semiconductor Ltd.

Tower Semiconductor Ltd. is a pure-play independent specialty wafer foundry established in 1993. The company manufactures integrated circuits with geometries ranging from 1.0 to 0.13micron; it also provides complementary technical services and design support. In addition to digital CMOS process technology, Tower offers advanced non-volatile memory solutions, mixedsignal & RF-CMOS, and CMOS image-sensor technologies. To provide world-class customer service, the company maintains two manufacturing facilities: Fab 1 has process standard and specialized technologies from 1.0 to 0.35 micron and Fab 2 features standard and specialized technologies of 0.18, 0.16 and 0.13-micron. Tower's Web site is located at http://www.towersemi.com.

Contact:

Tower Semiconductor Ilanit Vudinsky, +972 4 650 6434 ilanitvu@towersemi.com

or:

Shelton Group Jim Mathias, (972) 239-5119 ext. 115 jmathias@sheltongroup.com