Tower Semiconductor Provides an Update on a Cyber Event
September 06 2020 - 2:00AM
NEWS ANNOUNCEMENT
FOR IMMEDIATE
RELEASE
MIGDAL HAEMEK, Israel – September 06,
2020 – Tower Semiconductor (NASDAQ/TASE:
TSEM), today announced that the Company’s IT security systems
identified a security incident on some of its systems as a result
of a cyber event. As a preventive measure, the Company halted
certain of its servers and proactively held operations in some of
its manufacturing facilities, and has done so in a gradual,
organized manner.
Tower has notified relevant authorities and is
working closely with law enforcement organizations and with a
leading team of worldwide experts, coordinated with its insurance
providers, in order to recover the impacted systems as soon as
possible. The Company has implemented specific measures to prevent
the expansion of this event. At this point there is no assessment
as to the actual effect on the Company.
About Tower SemiconductorTower
Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), the leader in
high-value analog semiconductor foundry solutions, provides
technology and manufacturing platforms for integrated circuits
(ICs) in growing markets such as consumer, industrial, automotive,
mobile, infrastructure, medical and aerospace and defense. Tower
Semiconductor focuses on creating a positive and sustainable impact
on the world through long term partnerships and its advanced and
innovative analog technology offering, comprised of a broad range
of customizable process platforms such as SiGe, BiCMOS,
mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors,
integrated power management (BCD and 700V), and MEMS. Tower
Semiconductor also provides world-class design enablement for a
quick and accurate design cycle as well as Transfer Optimization
and development Process Services (TOPS) to IDMs and fabless
companies. To provide multi-fab sourcing and extended capacity for
its customers, Tower Semiconductor operates two manufacturing
facilities in Israel (150mm and 200mm), two in the U.S. (200mm),
and three facilities in Japan (two 200mm and one 300mm) through
TPSCo. For more information, please visit: www.towersemi.com
Tower Semiconductor Company
Contact: Orit Shahar | +972-74-7377440 |
oritsha@towersemi.comTower Semiconductor Investor Relations
Contact: Noit Levy | +972-4-604-7066 |
noitle@towersemi.com
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