Tower Semiconductor Files 20-F Detailing 2024 Financials
Ticker: TSEM · Form: 20-F · Filed: Apr 30, 2025 · CIK: 928876
| Field | Detail |
|---|---|
| Company | Tower Semiconductor Ltd (TSEM) |
| Form Type | 20-F |
| Filed Date | Apr 30, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, assets, leases, revenue
Related Tickers: INTC, TSM, AMAT
TL;DR
Tower Semi's 20-F is in! Check out their 2024 asset and lease details.
AI Summary
Tower Semiconductor Ltd. filed its 20-F for the fiscal year ending December 31, 2024. The filing details marketable securities as available-for-sale, with an amortized cost of $188,826 as of December 31, 2023. It also reports ROU assets under capital lease totaling $153,159 for 2024 and $204,230 for 2023, with associated depreciation expenses of $15,195 and $18,307 respectively.
Why It Matters
This 20-F filing provides investors with a comprehensive overview of Tower Semiconductor's financial position and performance for the fiscal year 2024, including details on assets and liabilities.
Risk Assessment
Risk Level: medium — The filing contains detailed financial information, including debt and revenue breakdowns, which requires careful analysis to assess the company's risk profile.
Key Numbers
- $188.8M — Marketable Securities (Amortized Cost) (As of December 31, 2023, these were available-for-sale.)
- $153.2M — ROU Assets (Capital Lease) (As of December 31, 2024.)
- $204.2M — ROU Assets (Capital Lease) (As of December 31, 2023.)
- $15.2M — Depreciation Expense (ROU Assets) (For the year ended December 31, 2024.)
- $18.3M — Depreciation Expense (ROU Assets) (For the year ended December 31, 2023.)
Key Players & Entities
- Tower Semiconductor Ltd. (company) — Filer of the 20-F
- December 31, 2024 (date) — Fiscal year end and reporting date
- December 31, 2023 (date) — Reporting date for marketable securities and ROU assets
- $188,826 (dollar_amount) — Amortized cost of marketable securities
- $153,159 (dollar_amount) — ROU assets under capital lease as of December 31, 2024
- $204,230 (dollar_amount) — ROU assets under capital lease as of December 31, 2023
- $15,195 (dollar_amount) — Depreciation expense for ROU assets in 2024
- $18,307 (dollar_amount) — Depreciation expense for ROU assets in 2023
FAQ
What was the total revenue from the top three customers in 2024?
The filing states that aggregated revenue to three customers accounted for between 3% and 9% of total revenue during 2024, but does not provide a specific dollar amount.
What is the amortized cost of marketable securities as of December 31, 2023?
The amortized cost of marketable securities as of December 31, 2023, was $188,826.
What was the value of ROU assets under capital lease as of December 31, 2024?
The value of ROU assets under capital lease as of December 31, 2024, was $153,159.
What was the depreciation expense for ROU assets in 2023?
The depreciation expense for ROU assets for the year ended December 31, 2023, amounted to $18,307.
How many customers accounted for a significant portion of revenue in 2022?
Four customers accounted for between 4% and 8% of total revenue during 2022.
Filing Details
This Form 20-F (Form 20-F) was filed with the SEC on April 30, 2025 regarding TOWER SEMICONDUCTOR LTD (TSEM).