INFORMATION ON GEOGRAPHIC AREAS AND MAJOR CUSTOMERS

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

INFORMATION ON GEOGRAPHIC AREAS AND MAJOR CUSTOMERS

NOTE 16:     INFORMATION ON GEOGRAPHIC AREAS AND MAJOR CUSTOMERS

A. Revenues by Geographic Area - as Percentage of Total Revenue

Years ended December 31, 2022, 2021 and 2020:

Details	2022			2021			2020
USA		49	%		41	%		44	%
Japan		16			22			28
Asia (other than Japan)		26			30			22
Europe		9			7			6
Total		100	%		100	%		100	%

The basis of attributing revenues from external customers to geographic area is based on the headquarters location of the customer issuing the purchase order; actual delivery may be shipped to another geographic area per customer request.

B. Long-Lived Assets by Geographic Area

Substantially all of Tower’s long-lived assets are located in Israel, substantially all of TSNB’s and TSSA’s long-lived assets are located in the United States and substantially all of TPSCo’s long-lived assets are located in Japan.

As of December 31, 2022 and 2021:

Details	2022		2021
Israel	$	248,711	$	238,758
United States		257,759		264,038
Europe		147,493		-
Japan		308,295		373,887
	$	962,258	$	876,683

C. Major Customers - as Percentage of Net Accounts Receivable Balance

As of December 31, 2022, no customer exceeded 10% of the net accounts receivable balance. As of December 31, 2021, one customer exceeded 10% of the net accounts receivable balance and represented 14% of such balance.

D. Major Customers - as Percentage of Total Revenue

Years ended December 31, 2022, 2021 and 2020:

Details	2022			2021			2020
Customer A		14	%		21	%		25	%
Customer B		9			13			11
Other customers *		24			20			23

* Represents aggregated revenue to four customers that accounted for between 4% and 8% of total revenue during 2022, to four customers that accounted for between 4% and 7% of total revenue during 2021, and to four customers that accounted for between 4% and 7% of total revenue during 2020.