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Tower Semiconductor Ltd. Regulatory Filings 2010

Jun 1, 2010

7095_rns_2010-06-01_0d3b2967-ec4f-476e-821a-dcc77ede21eb.pdf

Regulatory Filings

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NEWS ANNOUNCEMENT

FOR IMMEDIATE RELEASE

TowerJazz to Present at the UBS Global Technology and Services Conference on June 10, 2010 in New York

MIGDAL HAEMEK, Israel, June 1, 2010 – TowerJazz, the global specialty foundry leader, announced that its CEO, Russell Ellwanger, will be presenting at the UBS Global Technology and Services Conference, taking place at the Crowne Plaza in Times Square, New York, on Thursday, June 10, 2010 at 11am ET.

There will be an opportunity for investors to meet with management at the conference and in New York City, and interested investors should contact the TowerJazz investor relations team.

About TowerJazz

Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), the global specialty foundry leader and its fully owned U.S. subsidiary Jazz Semiconductor, operate collectively under the brand name TowerJazz, manufacturing integrated circuits with geometries ranging from 1.0 to 0.13-micron. TowerJazz provides industry leading design enablement tools to allow complex designs to be achieved quickly and more accurately and offers 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 MEMS capabilities. To provide world-class customer service, TowerJazz maintains two manufacturing facilities in Israel and one in the U.S. 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 Tower and/or Jazz’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.