2023 Q4 Form 20-F Financial Statement
#000117891324001397 Filed on April 22, 2024
Income Statement
Concept | 2023 Q4 | 2023 |
---|---|---|
Revenue | $351.7M | $1.423B |
YoY Change | -12.78% | -15.2% |
Cost Of Revenue | $267.3M | $1.069B |
YoY Change | -4.02% | -11.73% |
Gross Profit | $84.42M | $353.5M |
YoY Change | -32.32% | -24.19% |
Gross Profit Margin | 24.0% | 24.85% |
Selling, General & Admin | $18.40M | $72.45M |
YoY Change | -2.54% | -9.75% |
% of Gross Profit | 21.8% | 20.5% |
Research & Development | $20.85M | $79.81M |
YoY Change | 0.69% | -4.89% |
% of Gross Profit | 24.7% | 22.58% |
Depreciation & Amortization | $65.22M | $258.0M |
YoY Change | -18.36% | -11.83% |
% of Gross Profit | 77.26% | 72.99% |
Operating Expenses | $39.25M | $152.3M |
YoY Change | -0.85% | -7.27% |
Operating Profit | $45.17M | $201.3M |
YoY Change | -46.95% | -33.38% |
Interest Expense | $16.68M | $37.58M |
YoY Change | -30430.91% | -290.74% |
% of Operating Profit | 36.93% | 18.67% |
Other Income/Expense, Net | $7.047M | $3.871M |
YoY Change | -201.63% | -155.83% |
Pretax Income | $61.85M | $584.8M |
YoY Change | -37.32% | 100.31% |
Income Tax | $10.13M | $65.31M |
% Of Pretax Income | 16.38% | 11.17% |
Net Earnings | $53.85M | $518.5M |
YoY Change | -35.38% | 95.98% |
Net Earnings / Revenue | 15.31% | 36.44% |
Basic Earnings Per Share | $4.70 | |
Diluted Earnings Per Share | $0.48 | $4.66 |
COMMON SHARES | ||
Basic Shares Outstanding | 110.8M shares | 110.3M shares |
Diluted Shares Outstanding | 111.2M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.236B | $1.236B |
YoY Change | 22.93% | 22.93% |
Cash & Equivalents | $260.7M | $260.7M |
Short-Term Investments | $975.8M | $975.8M |
Other Short-Term Assets | $35.96M | $35.96M |
YoY Change | 4.77% | 4.77% |
Inventory | $282.7M | $282.7M |
Prepaid Expenses | ||
Receivables | $154.1M | $154.1M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $1.709B | $1.709B |
YoY Change | 14.31% | 14.31% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.156B | $1.156B |
YoY Change | 20.13% | 20.13% |
Goodwill | $7.000M | |
YoY Change | 0.0% | |
Intangibles | $5.115M | |
YoY Change | -27.25% | |
Long-Term Investments | $8.452M | $8.452M |
YoY Change | -3.91% | -3.91% |
Other Assets | $41.32M | $41.32M |
YoY Change | -45.74% | -45.74% |
Total Long-Term Assets | $1.209B | $1.209B |
YoY Change | 14.91% | 14.91% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.709B | $1.709B |
Total Long-Term Assets | $1.209B | $1.209B |
Total Assets | $2.919B | $2.919B |
YoY Change | 14.56% | 14.56% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $139.1M | $139.1M |
YoY Change | -7.82% | -7.82% |
Accrued Expenses | $3.736M | $3.736M |
YoY Change | 1376.68% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $58.95M | $58.95M |
YoY Change | -5.34% | -5.34% |
Total Short-Term Liabilities | $276.8M | $276.8M |
YoY Change | -28.54% | -28.54% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $172.6M | $172.6M |
YoY Change | -17.83% | -17.83% |
Other Long-Term Liabilities | $25.71M | $25.71M |
YoY Change | -37.13% | -37.13% |
Total Long-Term Liabilities | $198.3M | $198.3M |
YoY Change | -20.98% | -20.98% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $276.8M | $276.8M |
Total Long-Term Liabilities | $198.3M | $198.3M |
Total Liabilities | $491.5M | $491.5M |
YoY Change | -25.43% | -25.43% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $467.6M | |
YoY Change | -1019.07% | |
Common Stock | $443.6M | |
YoY Change | 0.79% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $9.072M | |
YoY Change | 0.0% | |
Treasury Stock Shares | ||
Shareholders Equity | $2.427B | $2.427B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.919B | $2.919B |
YoY Change | 14.56% | 14.56% |
Cashflow Statement
Concept | 2023 Q4 | 2023 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $53.85M | $518.5M |
YoY Change | -35.38% | 95.98% |
Depreciation, Depletion And Amortization | $65.22M | $258.0M |
YoY Change | -18.36% | -11.83% |
Cash From Operating Activities | $126.1M | $676.6M |
YoY Change | -5.04% | 27.7% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $136.4M | $432.2M |
YoY Change | 257.16% | 102.39% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$36.96M | -$288.7M |
YoY Change | -75.43% | 149.04% |
Cash From Investing Activities | -$173.4M | -$720.8M |
YoY Change | -8.04% | 118.8% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -8.914M | -30.41M |
YoY Change | 69.82% | -54.37% |
NET CHANGE | ||
Cash From Operating Activities | 126.1M | 676.6M |
Cash From Investing Activities | -173.4M | -720.8M |
Cash From Financing Activities | -8.914M | -30.41M |
Net Change In Cash | -56.30M | -74.70M |
YoY Change | -7.87% | -155.86% |
FREE CASH FLOW | ||
Cash From Operating Activities | $126.1M | $676.6M |
Capital Expenditures | $136.4M | $432.2M |
Free Cash Flow | -$10.32M | $244.4M |
YoY Change | -110.92% | -22.73% |
Facts In Submission
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CY2023 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
4769000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-690000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-859000 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
237248000 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
134930000 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-4780000 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-3708000 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
513096000 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
244915000 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
138638000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1454902000 | usd |
CY2021 | tsem |
Stock Issued During Period Value Exercise Of Options And Restricted Stock Units
StockIssuedDuringPeriodValueExerciseOfOptionsAndRestrictedStockUnits
|
413000 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
25144000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
154075000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-709000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-859000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1615389000 | usd |
CY2022 | tsem |
Stock Issued During Period Value Exercise Of Options And Restricted Stock Units
StockIssuedDuringPeriodValueExerciseOfOptionsAndRestrictedStockUnits
|
44000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
24215000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
266471000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-27595000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
938000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-690000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1888541000 | usd |
CY2023 | tsem |
Stock Issued During Period Value Exercise Of Options And Restricted Stock Units
StockIssuedDuringPeriodValueExerciseOfOptionsAndRestrictedStockUnits
|
0 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
28222000 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
519530000 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
222000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2427039000 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
519530000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
266471000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
154075000 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
258021000 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
292638000 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
270710000 | usd |
CY2023 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
1632000 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-10362000 | usd |
CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-1138000 | usd |
CY2023 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
7047000 | usd |
CY2022 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-6934000 | usd |
CY2021 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
1461000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3160000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
15232000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-14335000 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
9541000 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-20427000 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
26731000 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-8682000 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
77891000 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
44192000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-8254000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-20893000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-25004000 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-35676000 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-30069000 | usd |
CY2021 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
74524000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-70163000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
61033000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
16850000 | usd |
CY2023 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-1210000 | usd |
CY2022 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
2956000 | usd |
CY2021 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-2681000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
27011000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
13084000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-10270000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
676561000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
529820000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
421293000 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
366403000 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
313808000 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
12318000 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
152866000 | usd |
CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
34548000 | usd |
CY2022 | tsem |
Proceeds From Investment Realization
ProceedsFromInvestmentRealization
|
2574000 | usd |
CY2021 | tsem |
Proceeds From Investment Realization
ProceedsFromInvestmentRealization
|
0 | usd |
CY2023 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
605000 | usd |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
1037000 | usd |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
1792000 | usd |
CY2023 | tsem |
Deposits And Marketable Securities Net
DepositsAndMarketableSecuritiesNet
|
300516000 | usd |
CY2022 | tsem |
Deposits And Marketable Securities Net
DepositsAndMarketableSecuritiesNet
|
117448000 | usd |
CY2021 | tsem |
Deposits And Marketable Securities Net
DepositsAndMarketableSecuritiesNet
|
57892000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-720847000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-329448000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-338944000 | usd |
CY2022 | tsem |
Proceeds From Investment In Subsidiary
ProceedsFromInvestmentInSubsidiary
|
11685000 | usd |
CY2021 | tsem |
Proceeds From Investment In Subsidiary
ProceedsFromInvestmentInSubsidiary
|
0 | usd |
CY2023 | tsem |
Proceeds From Exercise Of Options
ProceedsFromExerciseOfOptions
|
0 | usd |
CY2022 | tsem |
Proceeds From Exercise Of Options
ProceedsFromExerciseOfOptions
|
44000 | usd |
CY2021 | tsem |
Proceeds From Exercise Of Options
ProceedsFromExerciseOfOptions
|
458000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
24180000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
96143000 | usd |
CY2023 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
0 | usd |
CY2022 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
0 | usd |
CY2021 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
97174000 | usd |
CY2023 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
38033000 | usd |
CY2022 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
38536000 | usd |
CY2021 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
35391000 | usd |
CY2023 | tsem |
Repayments Of Debentures
RepaymentsOfDebentures
|
18493000 | usd |
CY2022 | tsem |
Repayments Of Debentures
RepaymentsOfDebentures
|
39843000 | usd |
CY2021 | tsem |
Repayments Of Debentures
RepaymentsOfDebentures
|
40893000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-30414000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-66650000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-76857000 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-5395000 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-3893000 | usd |
CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-6245000 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-80095000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
129829000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-753000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
340759000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
210930000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
211683000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
260664000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
340759000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
210930000 | usd |
CY2023 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
164667000 | usd |
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
169376000 | usd |
CY2021 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
65634000 | usd |
CY2023 | us-gaap |
Proceeds From Interest Received
ProceedsFromInterestReceived
|
30475000 | usd |
CY2021 | us-gaap |
Proceeds From Interest Received
ProceedsFromInterestReceived
|
5590000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
4561000 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
12739000 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
12802000 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
8288000 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
158763000 | usd |
CY2023Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
116698000 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
20096000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
26792000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
302108000 | usd |
CY2023Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
8327000 | usd |
CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
8192000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
6780000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
6720000 | usd |
CY2023Q4 | tsem |
Severance Pay Funds
SeverancePayFunds
|
1672000 | usd |
CY2022Q4 | tsem |
Severance Pay Funds
SeverancePayFunds
|
2076000 | usd |
CY2023Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
8452000 | usd |
CY2022Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
8796000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4006101000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3250643000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3043843000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1155929000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
962258000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
204230000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
223716000 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
18307000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
14215000 | usd |
CY2022Q4 | tsem |
Property Plant And Equipment Net Aggregate Investment Grants
PropertyPlantAndEquipmentNetAggregateInvestmentGrants
|
285000000 | usd |
CY2023Q4 | tsem |
Property Plant And Equipment Net Aggregate Investment Grants
PropertyPlantAndEquipmentNetAggregateInvestmentGrants
|
285000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
42800000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
37685000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
5115000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
42792000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
35761000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
7031000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
21395000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
9762000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
10355000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
|
2693000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
|
2812000 | usd |
CY2023Q4 | tsem |
Deferred Tax Asset Classified As Noncurrent
DeferredTaxAssetClassifiedAsNoncurrent
|
1810000 | usd |
CY2022Q4 | tsem |
Deferred Tax Asset Classified As Noncurrent
DeferredTaxAssetClassifiedAsNoncurrent
|
32787000 | usd |
CY2023Q4 | tsem |
Deferred Tax And Other Assets Net
DeferredTaxAndOtherAssetsNet
|
32863000 | usd |
CY2022Q4 | tsem |
Deferred Tax And Other Assets Net
DeferredTaxAndOtherAssetsNet
|
67349000 | usd |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
7400000 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
7953000 | usd |
CY2023Q4 | us-gaap |
Hedging Liabilities Current
HedgingLiabilitiesCurrent
|
500000 | usd |
CY2022Q4 | us-gaap |
Hedging Liabilities Current
HedgingLiabilitiesCurrent
|
6947000 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
286000 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
253000 | usd |
CY2023Q4 | tsem |
Prepayment For Machinery And Equipment Sold
PrepaymentForMachineryAndEquipmentSold
|
0 | usd |
CY2022Q4 | tsem |
Prepayment For Machinery And Equipment Sold
PrepaymentForMachineryAndEquipmentSold
|
60121000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1100000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1078000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
9286000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
76352000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
118272000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
158114000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
40330000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
39610000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
10355000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
3450000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
3171000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
6312000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
9762000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
10355000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y3M18D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y3M18D | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0194 | pure |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0194 | pure |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
9954000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
192000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
9762000 | usd |
CY2023 | tsem |
Gains Losses Reclassified From Other Comprehensive Income Into Net Income Loss Recognized In Cost Of Goods Sold
GainsLossesReclassifiedFromOtherComprehensiveIncomeIntoNetIncomeLossRecognizedInCostOfGoodsSold
|
5153000 | usd |
CY2022Q4 | tsem |
Fair Value Of Swap In Asset Position
FairValueOfSwapInAssetPosition
|
1685000 | usd |
CY2022Q4 | us-gaap |
Translation Adjustment For Net Investment Hedge Net Of Tax
TranslationAdjustmentForNetInvestmentHedgeNetOfTax
|
-5966000 | usd |
CY2022 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
6978000 | usd |
CY2023Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
790823000 | usd |
CY2023Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
184960000 | usd |
CY2022Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
495359000 | usd |
CY2022Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
169694000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
188826000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
2088000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
7204000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
183710000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
30938000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
|
134256000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
130271000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
|
23495000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
22501000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
183710000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
181247000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
535000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
12794000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
168988000 | usd |
CY2022Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
706000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
75365000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
|
98034000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
89943000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
|
4358000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
3680000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
181247000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
168988000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
53142000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
3075000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
72571000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
4129000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
125713000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
7204000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
68581000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
3479000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
97892000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
9315000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
166473000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
12794000 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
|
5752000 | usd |
CY2022 | us-gaap |
Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
|
6269000 | usd |
CY2023Q4 | us-gaap |
Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
|
1 | pure |
CY2023 | tsem |
Restructuring Gain From Sale Of Machinery And Equipment
RestructuringGainFromSaleOfMachineryAndEquipment
|
52168000 | usd |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
15 | |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
111000000 | shares |
CY2023 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
39987000 | usd |
CY2022 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
13596000 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
24215000 | usd |
CY2023 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
640000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
772000 | usd |
CY2021 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1773000 | usd |
CY2023 | us-gaap |
Difference Between Reported Amount And Reporting Currency Denominated Amount Value
DifferenceBetweenReportedAmountAndReportingCurrencyDenominatedAmountValue
|
4140000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
962258000 | usd |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
4444000 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
5687000 | usd |
CY2021 | us-gaap |
Difference Between Reported Amount And Reporting Currency Denominated Amount Value
DifferenceBetweenReportedAmountAndReportingCurrencyDenominatedAmountValue
|
7092000 | usd |
CY2022 | tsem |
Marketable Securities Fair Value Adjustment
MarketableSecuritiesFairValueAdjustment
|
9225000 | usd |
CY2021 | tsem |
Marketable Securities Fair Value Adjustment
MarketableSecuritiesFairValueAdjustment
|
0 | usd |
CY2023 | tsem |
Financing Expense Other
FinancingExpenseOther
|
3176000 | usd |
CY2022 | tsem |
Financing Expense Other
FinancingExpenseOther
|
6693000 | usd |
CY2021 | tsem |
Financing Expense Other
FinancingExpenseOther
|
2064000 | usd |
CY2023 | tsem |
Financing Income Expense Net
FinancingIncomeExpenseNet
|
30531000 | usd |
CY2022 | tsem |
Financing Income Expense Net
FinancingIncomeExpenseNet
|
-12767000 | usd |
CY2021 | tsem |
Financing Income Expense Net
FinancingIncomeExpenseNet
|
-12873000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.23 | pure |
CY2023 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
13374000 | usd |
CY2021 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
13504000 | usd |
CY2023 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
62748000 | usd |
CY2022 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
21550000 | usd |
CY2021 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
2518000 | usd |
CY2023 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
-10810000 | usd |
CY2022 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
-9215000 | usd |
CY2021 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
-14998000 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
65312000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
25502000 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1024000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
588453000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
295438000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
166273000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-3611000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-3465000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-11174000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
584842000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
291973000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
155099000 | usd |
CY2023Q4 | tsem |
Deferred Tax Assets Operating Loss Carryforwards Noncurrent
DeferredTaxAssetsOperatingLossCarryforwardsNoncurrent
|
9889000 | usd |
CY2022Q4 | tsem |
Deferred Tax Assets Operating Loss Carryforwards Noncurrent
DeferredTaxAssetsOperatingLossCarryforwardsNoncurrent
|
53473000 | usd |
CY2023Q4 | tsem |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Noncurrent
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsNoncurrent
|
7853000 | usd |
CY2022Q4 | tsem |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Noncurrent
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsNoncurrent
|
7670000 | usd |
CY2023Q4 | tsem |
Deferred Tax Assets Accruals And Reserves
DeferredTaxAssetsAccrualsAndReserves
|
10997000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
24677000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
21340000 | usd |
CY2023Q4 | tsem |
Deferred Tax Assets In Process Research And Development Section174
DeferredTaxAssetsInProcessResearchAndDevelopmentSection174
|
19582000 | usd |
CY2022Q4 | tsem |
Deferred Tax Assets In Process Research And Development Section174
DeferredTaxAssetsInProcessResearchAndDevelopmentSection174
|
11748000 | usd |
CY2023Q4 | tsem |
Deferred Tax Assets Other Non Current
DeferredTaxAssetsOtherNonCurrent
|
2122000 | usd |
CY2022Q4 | tsem |
Deferred Tax Assets Other Non Current
DeferredTaxAssetsOtherNonCurrent
|
1894000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
87319000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
121702000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
20238000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
17541000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
67081000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
104161000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
72254000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
81929000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
838000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
-77000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
83879000 | usd |
CY2023Q4 | tsem |
Deferred Tax Assets Net Non Currents
DeferredTaxAssetsNetNonCurrents
|
1810000 | usd |
CY2023Q4 | tsem |
Deferred Tax Liabilities Non Currents
DeferredTaxLiabilitiesNonCurrents
|
9430000 | usd |
CY2022Q4 | tsem |
Deferred Tax Liabilities Non Currents
DeferredTaxLiabilitiesNonCurrents
|
12505000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
8490000 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
9217000 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
7763000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
8490000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
134514000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
67154000 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
35673000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-89487000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-46012000 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-24683000 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-2697000 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-5911000 | usd |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-899000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
17588000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-1551000 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-10865000 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
65312000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
25502000 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1024000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.23 | pure |
CY2023 | us-gaap |
Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
|
taxable income limitation of 80% | |
CY2023 | dei |
Document Accounting Standard
DocumentAccountingStandard
|
U.S. GAAP | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000928876 | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent | |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#OtherAssets | |
CY2023Q4 | us-gaap |
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent | |
CY2023Q4 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#DebtCurrent | |
CY2023 | dei |
Document Type
DocumentType
|
20-F | |
CY2023 | dei |
Document Registration Statement
DocumentRegistrationStatement
|
false | |
CY2023 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
CY2023 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-12-31 | |
CY2023 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2023 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2023 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2023 | dei |
Document Shell Company Report
DocumentShellCompanyReport
|
false | |
CY2023 | dei |
Entity File Number
EntityFileNumber
|
0-24790 | |
CY2023 | dei |
Entity Registrant Name
EntityRegistrantName
|
TOWER SEMICONDUCTOR LTD. | |
CY2023 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
IL | |
CY2023 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
Ramat Gavriel Industrial Park | |
CY2023 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
P.O. Box 619 | |
CY2023 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Migdal Haemek | |
CY2023 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
2310502 | |
CY2023 | dei |
Entity Address Country
EntityAddressCountry
|
IL | |
CY2023 | dei |
Security12b Title
Security12bTitle
|
Ordinary Shares, par value New Israeli Shekels 15.00 per share | |
CY2023 | dei |
Trading Symbol
TradingSymbol
|
TSEM | |
CY2023 | dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | |
CY2023Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
110824754 | shares |
CY2023 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
CY2023 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2023 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2023 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2023 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2023 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2023 | dei |
Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
|
true | |
CY2023 | dei |
Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
|
false | |
CY2023 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2023 | dei |
Auditor Firm
AuditorFirmId
|
1197 | |
CY2023 | dei |
Auditor Name
AuditorName
|
Brightman Almagor Zohar & Co. | |
CY2023 | dei |
Auditor Location
AuditorLocation
|
Tel Aviv, Israel | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
260664000 | usd |
CY2023Q4 | us-gaap |
Other Assets
OtherAssets
|
35956000 | usd |
CY2022Q4 | us-gaap |
Other Assets
OtherAssets
|
34319000 | usd |
CY2023Q4 | us-gaap |
Debt Current
DebtCurrent
|
58952000 | usd |
CY2022Q4 | us-gaap |
Debt Current
DebtCurrent
|
62275000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
172611000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
210069000 | usd |
CY2023Q4 | us-gaap |
Customer Advances Noncurrent
CustomerAdvancesNoncurrent
|
25710000 | usd |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
15 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
15 | |
CY2022Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
87000 | shares |
CY2023Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
87000 | shares |
CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-5460000 | usd |
CY2021 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
1179048000 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
52168000 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
20243000 | usd |
CY2021 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | usd |
CY2023 | us-gaap |
Restructuring Charges
RestructuringCharges
|
19662000 | usd |
CY2022 | us-gaap |
Restructuring Charges
RestructuringCharges
|
10684000 | usd |
CY2021 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | usd |
CY2023 | tsem |
Merger Contract Termination Fees
MergerContractTerminationFees
|
-313501000 | usd |
CY2022 | tsem |
Merger Contract Termination Fees
MergerContractTerminationFees
|
0 | usd |
CY2021 | tsem |
Merger Contract Termination Fees
MergerContractTerminationFees
|
0 | usd |
CY2022 | tsem |
Financing Income Expense Net
FinancingIncomeExpenseNet
|
-12767000 | usd |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
108279000 | shares |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.66 | |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
508316000 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-7667000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-18995000 | usd |
CY2022 | tsem |
Proceeds From Investment Subsidiary In Non Controlling Interest
ProceedsFromInvestmentSubsidiaryInNonControllingInterest
|
11645000 | usd |
CY2023 | tsem |
Proceeds From Investment Subsidiary In Non Controlling Interest
ProceedsFromInvestmentSubsidiaryInNonControllingInterest
|
1960000 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-15761000 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
4769000 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
444502000 | usd |
CY2023 | tsem |
Proceeds From Investment Realization
ProceedsFromInvestmentRealization
|
12458000 | usd |
CY2023 | tsem |
Proceeds From Investment In Subsidiary
ProceedsFromInvestmentInSubsidiary
|
1932000 | usd |
CY2022 | us-gaap |
Proceeds From Interest Received
ProceedsFromInterestReceived
|
12358000 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
4519000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
4458000 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <div style="text-align:justify;margin-left:45pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-weight:bold">B.</span></span></span><span style="padding-left:20pt"> </span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-weight:bold">Use of Estimates in Preparation of Financial Statements</span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;text-indent:0.3pt;margin-left:78pt;line-height:1.25;font-family:'Times New Roman',Times,serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The preparation of financial statements in conformity with US GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></span></div> </div> | |
CY2023 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div> <div style="text-align:justify;margin-left:45pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-weight:bold">D.</span></span></span><span style="padding-left:20pt"> </span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-weight:bold">Reclassifications</span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;text-indent:0.3pt;margin-left:78pt;line-height:1.25;font-family:'Times New Roman',Times,serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Certain prior year amounts have been reclassified to conform to the current financial statement presentation.</span></span></div> </div> | |
CY2023Q4 | us-gaap |
Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
|
4790000 | usd |
CY2022Q4 | us-gaap |
Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
|
3460000 | usd |
CY2023 | tsem |
Investments In Privately Held Companies
InvestmentsInPrivatelyHeldCompanies
|
<div> <div style="text-align:justify;margin-left:45pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-weight:bold">J.</span></span></span><span style="padding-left:20pt"> </span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-weight:bold">Investments in Privately Held Companies</span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;text-indent:0.3pt;margin-left:78pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Long-term investments include equity investments in privately-held companies without readily determinable fair values. In accordance with ASC 321 - <span style="font-style:italic">“Investments - Equity Securities”,</span> the Company may elect to measure those investments at fair value or at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer (“Measurement Alternative”). The Company elected to use the Measurement Alternative for each of its investments. Any adjustments resulting from impairments and/or observable price changes are recorded under “other income (expense), net” in the consolidated statements of operations. See also Note 2M below.</span></span></div> </div> | |
CY2023Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
145894000 | usd |
CY2021 | tsem |
Minimum Threshold Amount Of Revenue For Imposing Pillar Two Model Rules
MinimumThresholdAmountOfRevenueForImposingPillarTwoModelRules
|
750000 | |
CY2021 | tsem |
Minimum Effective Corporate Income Tax Rate For Every Operational Jurisdiction
MinimumEffectiveCorporateIncomeTaxRateForEveryOperationalJurisdiction
|
0.15 | pure |
CY2023 | tsem |
Recently Issued Accounting Pronouncements Not Yet Adopted
RecentlyIssuedAccountingPronouncementsNotYetAdopted
|
<div> <div> <div> <div style="text-align:justify;margin-left:45pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-weight:bold">Y.</span></span></span><span style="padding-left:20pt"> </span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-weight:bold">Recently Issued Accounting Pronouncements Not Yet Adopted</span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;margin-left:78pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">On December 23, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No.<span style="font-weight:bold"> </span>2023-09—<span style="font-weight:bold"> </span>Income<span style="font-weight:bold"> </span>taxes (topic 740): improvements to income tax disclosures.</span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;margin-left:78pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Rate reconciliation:</span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;margin-left:78pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The amendments in this Update require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate). Specifically, public business entities are required to disclose a tabular reconciliation, using both percentages and reporting currency amounts.</span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;margin-left:78pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Income Taxes Paid:</span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;margin-left:78pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The amendments in this Update require that all entities disclose on an annual basis the following information about income taxes paid: (1) The amount of income taxes paid (net of refunds received) disaggregated by federal (national), state, and foreign taxes and (2) The amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5 percent of total income taxes paid (net of refunds received).</span></span></div> <div style="line-height:1.25"> </div> <div></div> <div style="text-align:justify;margin-left:78pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other Disclosures:</span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;margin-left:78pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The amendments in this Update require that all entities disclose the following information: (1) income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign and (2) income tax expense (or benefit) from continuing operations disaggregated by federal (national), state, and foreign. The amendments in this Update eliminate the requirement for all entities to (A) disclose the nature and estimate of the range of the reasonably possible change in the unrecognized tax benefits balance in the next 12 months or (B) make a statement that an estimate of the range cannot be made. The amendments in this Update remove the requirement to disclose the cumulative amount of each type of temporary difference when a deferred tax liability is not recognized because of the exceptions to comprehensive recognition of deferred taxes related to subsidiaries and corporate joint ventures. The amendments in this Update replace the term public entity as currently used in Topic 740 with the term public business entity as defined in the Master Glossary of the Codification.</span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;margin-left:78pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The amendments should be effective for annual periods beginning after December 15, 2024. The Company does not expect the new standard to have a material impact on its consolidated financial statements.</span></span></div> </div> </div> </div> | |
CY2022Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
116553000 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
282688000 | usd |
CY2023Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
22892000 | usd |
CY2022Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
21902000 | usd |
CY2023Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
11097000 | usd |
CY2022Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
9783000 | usd |
CY2023Q4 | us-gaap |
Hedging Assets Current
HedgingAssetsCurrent
|
1894000 | usd |
CY2022Q4 | us-gaap |
Hedging Assets Current
HedgingAssetsCurrent
|
1685000 | usd |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
73000 | usd |
CY2022Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
949000 | usd |
CY2023Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
35956000 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
34319000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4406572000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
18598000 | usd |
CY2023 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
4516000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
9762000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
7184000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
3511000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
3197000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2539000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
707000 | usd |
CY2022 | tsem |
Gains Losses Reclassified From Other Comprehensive Income Into Net Income Loss Recognized In Cost Of Goods Sold
GainsLossesReclassifiedFromOtherComprehensiveIncomeIntoNetIncomeLossRecognizedInCostOfGoodsSold
|
36857000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
|
16000 | usd |
CY2023Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
1250000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
|
31075000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
188826000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
|
78855000 | usd |
CY2021 | us-gaap |
Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
|
5941000 | usd |
CY2023Q4 | us-gaap |
Defined Benefit Plan Funded Percentage
DefinedBenefitPlanFundedPercentage
|
1 | pure |
CY2022 | tsem |
Restructuring Gain From Sale Of Machinery And Equipment
RestructuringGainFromSaleOfMachineryAndEquipment
|
20243000 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | shares |
CY2023 | tsem |
Percentage Of Vested Restricted Stock Unite
PercentageOfVestedRestrictedStockUnite
|
0.20 | pure |
CY2023 | tsem |
Percentage Of Vested Restricted Stock Unite
PercentageOfVestedRestrictedStockUnite
|
0.20 | pure |
CY2023 | tsem |
Performance Shares Units
PerformanceSharesUnits
|
559184 | shares |
CY2022 | tsem |
Performance Shares Units
PerformanceSharesUnits
|
595757 | shares |
CY2021 | tsem |
Performance Shares Units
PerformanceSharesUnits
|
776313 | shares |
CY2023 | tsem |
Performance Shares Units Outstanding
PerformanceSharesUnitsOutstanding
|
557416 | shares |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
27931000 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
25144000 | usd |
CY2022Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
87000 | shares |
CY2023Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
87000 | shares |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1155929000 | usd |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
7312000 | usd |
CY2021 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
5368000 | usd |
CY2022 | us-gaap |
Difference Between Reported Amount And Reporting Currency Denominated Amount Value
DifferenceBetweenReportedAmountAndReportingCurrencyDenominatedAmountValue
|
3986000 | usd |
CY2023 | tsem |
Marketable Securities Fair Value Adjustment
MarketableSecuritiesFairValueAdjustment
|
-2944000 | usd |
CY2022 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
13167000 | usd |
CY2022Q4 | tsem |
Deferred Tax Assets Accruals And Reserves
DeferredTaxAssetsAccrualsAndReserves
|
10935000 | usd |
CY2023Q4 | tsem |
Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
|
12199000 | usd |
CY2022Q4 | tsem |
Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
|
14642000 | usd |
CY2023Q4 | tsem |
Deferred Tax Liabilities Rou Assets Under Operating Leases
DeferredTaxLiabilitiesRouAssetsUnderOperatingLeases
|
1609000 | usd |
CY2022Q4 | tsem |
Deferred Tax Liabilities Rou Assets Under Operating Leases
DeferredTaxLiabilitiesRouAssetsUnderOperatingLeases
|
2027000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
74701000 | usd |
CY2022Q4 | tsem |
Deferred Tax Assets Net Non Currents
DeferredTaxAssetsNetNonCurrents
|
32787000 | usd |
CY2023 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
727000 | usd |
CY2023 | tsem |
Reduction Due To Statute Of Limitation Of Prior Years
ReductionDueToStatuteOfLimitationOfPriorYears
|
0 | usd |
CY2022 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
727000 | usd |
CY2022 | tsem |
Reduction Due To Statute Of Limitation Of Prior Years
ReductionDueToStatuteOfLimitationOfPriorYears
|
0 | usd |
CY2020Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
15314000 | usd |
CY2021 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
624000 | usd |
CY2021 | tsem |
Reduction Due To Statute Of Limitation Of Prior Years
ReductionDueToStatuteOfLimitationOfPriorYears
|
8175000 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
7763000 | usd |