2023 Q4 Form 20-F Financial Statement

#000117891324001397 Filed on April 22, 2024

View on sec.gov

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%

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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
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CY2023 us-gaap Amortization Of Financing Costs And Discounts
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CY2022 us-gaap Amortization Of Financing Costs And Discounts
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CY2021 us-gaap Amortization Of Financing Costs And Discounts
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CY2023 us-gaap Difference Between Reported Amount And Reporting Currency Denominated Amount Value
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2023 us-gaap Interest Expense
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CY2022 us-gaap Interest Expense
InterestExpense
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CY2021 us-gaap Difference Between Reported Amount And Reporting Currency Denominated Amount Value
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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
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CY2023 tsem Financing Income Expense Net
FinancingIncomeExpenseNet
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FinancingIncomeExpenseNet
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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DeferredForeignIncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsNoncurrent
7853000 usd
CY2022Q4 tsem Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Noncurrent
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7670000 usd
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DeferredTaxAssetsAccrualsAndReserves
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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
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
83879000 usd
CY2023Q4 tsem Deferred Tax Assets Net Non Currents
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1810000 usd
CY2023Q4 tsem Deferred Tax Liabilities Non Currents
DeferredTaxLiabilitiesNonCurrents
9430000 usd
CY2022Q4 tsem Deferred Tax Liabilities Non Currents
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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
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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
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CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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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
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-2697000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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-5911000 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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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
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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
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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

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