Tower Semiconductor Ltd. — Report Publication Announcement 2008

Dec 1, 2008

_________ false

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: 01/12/2008              Time of broadcast: 17:47 17:46:32

Reference: 2008-02-340554

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 Continues Execution of $60 Million per Year Cost Reduction Plan

Tower_Cost_Reduction_Dec08_isa.pdf

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: 16/11/2008
- - -
Name of the Signatory: : Back-Frimer Dina , Position of Signatory in the reporting corporation: Lawyer/ Legal Counsel , Name of Employer Company: .
P.O.B Telephone: 04-6506436 , Facsimile: 04-6547788 , E-mail: dinaback@towersemi.com 2