STMicroelectronics brings Tower Semiconductor on board 300mm analog and power fab under construction in Italy - Seite 3

Contacts

STMicroelectronics

Investor Relations
Céline Berthier
Group VP, Investor Relations
Tel: [phone]
[e-mail]

Media relations
Alexis Breton
Corporate External Communications
Tel: + 33 6 59 16 79 08
[e-mail]

Tower Semiconductor

Investor Relations Contact:
Noit Levi | [phone] | [e-mail]

This press release, including any projections made with respect to this project’s prospects, schedule, and investment amounts, as well as with respect to our respective business and activities, includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements and you should not place any undue reliance on such forward-looking statements. Potential risks and uncertainties include, without limitation, risks and uncertainties associated with fab establishment, products and technology qualification schedule, investment amounts and other terms, joint venture and/or capital lease transactions for capacity enhancement in advanced technologies, all of which may entail new customer engagements, technology and process qualification and production facility ramp-up, and which project may require additional funding, the availability of which cannot be assured on favorable terms, if at all.

A more complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect our respective business is included under the heading "Risk Factors" in ST’s and Tower’s most recent filings on Forms 20-F and 6-K, as were filed with the Securities and Exchange Commission (the “SEC”), and the Dutch Authority for the Financial Markets and the Israel Securities Authority, respectively. Future results may differ materially from those previously reported. ST and Tower do not intend to update, and expressly disclaim any obligation to update, the information contained in this release.

Attachment

• C3013C -- ST and Tower Agrate 300mm_24june2021--EN