<SEC-DOCUMENT>0001178913-25-000207.txt : 20250127 <SEC-HEADER>0001178913-25-000207.hdr.sgml : 20250127 <ACCEPTANCE-DATETIME>20250127060114 ACCESSION NUMBER: 0001178913-25-000207 CONFORMED SUBMISSION TYPE: SCHEDULE 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20250127 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TOWER SEMICONDUCTOR LTD CENTRAL INDEX KEY: 0000928876 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45635 FILM NUMBER: 25555618 BUSINESS ADDRESS: STREET 1: RAMAT GAVRIEL INDUSTRIAL PARK STREET 2: PO BOX 619 CITY: MIGDAL HAEMEK STATE: L3 ZIP: 23105 BUSINESS PHONE: 97246506611 MAIL ADDRESS: STREET 1: RAMAT GAVRIEL INDUSTRIAL PARK STREET 2: PO BOX 619 CITY: MIGDAL HAEMEK STATE: L3 ZIP: 23105 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Harel Insurance Investments & Financial Services Ltd. CENTRAL INDEX KEY: 0001429390 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G/A BUSINESS ADDRESS: STREET 1: HAREL HOUSE, 3 ABBA HILLEL ST. CITY: RAMAT GAN STATE: L3 ZIP: 52118 BUSINESS PHONE: 972-3-7547090 MAIL ADDRESS: STREET 1: HAREL HOUSE, 3 ABBA HILLEL ST. CITY: RAMAT GAN STATE: L3 ZIP: 52118 </SEC-HEADER> <DOCUMENT> <TYPE>SCHEDULE 13G/A <SEQUENCE>1 <FILENAME>primary_doc.xml <TEXT> <XML> <?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common"> <headerData> <submissionType>SCHEDULE 13G/A</submissionType> <previousAccessionNumber>0001178913-23-002805</previousAccessionNumber> <filerInfo> <filer> <filerCredentials> <cik>0001429390</cik> <ccc>XXXXXXXX</ccc> </filerCredentials> </filer> <liveTestFlag>LIVE</liveTestFlag> </filerInfo> </headerData> <formData> <coverPageHeader> <amendmentNo>3</amendmentNo> <securitiesClassTitle>Ordinary Shares, par value NIS 15.00 per share</securitiesClassTitle> <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement> <issuerInfo> <issuerCik>0000928876</issuerCik> <issuerName>Tower Semiconductor Ltd</issuerName> <issuerCusip>559166103</issuerCusip> <issuerPrincipalExecutiveOfficeAddress> <com:street1>Ramat Gavriel Industrial Park</com:street1> <com:street2>P.O. Box 619</com:street2> <com:city>Migdal Haemek</com:city> <com:stateOrCountry>L3</com:stateOrCountry> <com:zipCode>23105</com:zipCode> </issuerPrincipalExecutiveOfficeAddress> </issuerInfo> <designateRulesPursuantThisScheduleFiled> <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled> </designateRulesPursuantThisScheduleFiled> </coverPageHeader> <coverPageHeaderReportingPersonDetails> <reportingPersonName>Harel Insurance Investments & Financial Services Ltd</reportingPersonName> <citizenshipOrOrganization>L3</citizenshipOrOrganization> <reportingPersonBeneficiallyOwnedNumberOfShares> <sharedVotingPower>7297497</sharedVotingPower> <sharedDispositivePower>7489618</sharedDispositivePower> </reportingPersonBeneficiallyOwnedNumberOfShares> <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>7489618</reportingPersonBeneficiallyOwnedAggregateNumberOfShares> <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag> <classPercent>6.7</classPercent> <typeOfReportingPerson>CO</typeOfReportingPerson> <comments>With regard to Rows (6), (8) and (9), please see Item 4. Row (11) is based on 111,069,860 Ordinary Shares issued and outstanding as of May 31, 2024 (as reported by the Issuer in Exhibit 99.1 to its Report on Form 6-K filed with the Securities and Exchange Commission on June 20, 2024).</comments> </coverPageHeaderReportingPersonDetails> <items> <item1> <issuerName>Tower Semiconductor Ltd</issuerName> <issuerPrincipalExecutiveOfficeAddress>Ramat Gavriel Industrial Park, P.O. Box 619, Migdal Haemek, Israel, 23105</issuerPrincipalExecutiveOfficeAddress> </item1> <item2> <filingPersonName>Harel Insurance Investments & Financial Services Ltd.</filingPersonName> <principalBusinessOfficeOrResidenceAddress>3 Aba Hillel Street, Ramat Gan 52118, Israel</principalBusinessOfficeOrResidenceAddress> <citizenship>Israel</citizenship> </item2> <item3> <notApplicableFlag>Y</notApplicableFlag> </item3> <item4> <amountBeneficiallyOwned>Of the 7,489,618 Ordinary Shares reported in this Statement as beneficially owned by the Reporting Person, (i) 7,095,856 Ordinary Shares are held for members of the public through, among others, provident funds and/or mutual funds and/or pension funds and/or insurance policies and/or exchange traded funds, which are managed by subsidiaries of the Reporting Person, each of which subsidiaries operates under independent management and makes independent voting and investment decisions, (ii) 192,121 Ordinary Shares are held by third-party client accounts managed by a subsidiary of the Reporting Person as portfolio managers, which subsidiary operates under independent management and makes independent investment decisions and has no voting power in the securities held in such client accounts, and (iii) 201,641 Ordinary Shares are beneficially held for its own account. Consequently, this Statement shall not be construed as an admission by the Reporting Person that it is the beneficial owner of more than 201,641 Ordinary Shares covered by this Statement.</amountBeneficiallyOwned> <classPercent>See Row (11) of the cover page of the Reporting Person above.</classPercent> <numberOfSharesPersonHas> <sharedPowerOrDirectToVote>See Row (6) of the cover page of the Reporting Person above and note in Item 4 above.</sharedPowerOrDirectToVote> <sharedPowerOrDirectToDispose>See Row (8) of the cover page of the Reporting Person above and note in Item 4 above.</sharedPowerOrDirectToDispose> </numberOfSharesPersonHas> </item4> <item5> <notApplicableFlag>Y</notApplicableFlag> </item5> <item6> <notApplicableFlag>Y</notApplicableFlag> </item6> <item7> <notApplicableFlag>Y</notApplicableFlag> </item7> <item8> <notApplicableFlag>Y</notApplicableFlag> </item8> <item9> <notApplicableFlag>Y</notApplicableFlag> </item9> <item10> <notApplicableFlag>N</notApplicableFlag> <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications> </item10> </items> <signatureInformation> <reportingPersonName>Harel Insurance Investments & Financial Services Ltd</reportingPersonName> <signatureDetails> <signature>/s/ Alon Kaufman</signature> <title>Alon Kaufman/Vice President</title> <date>01/27/2025</date> </signatureDetails> </signatureInformation> </formData> </edgarSubmission> </XML> </TEXT> </DOCUMENT> </SEC-DOCUMENT>