Tower Semiconductor and Tianyi Micro Announce Strategic Cooperation in Development of Next Generation OLED Micro Displays for AR/VR - Seite 3

About Tianyi Micro
Tianyi Micro is incorporated in Beijing, China in 2020, and has set up teams in Beijing, Hangzhou, and Shenzhen to better serve their customers. Tianyi Micro is dedicated to the design of MicroOLED/MicroLED driver IC, whose products are primarily utilized in AR, VR, and MR spatial computing devices. Since 2020, Tianyi Micro has successfully mass-produced several sizes of MicroOLED display driver ICs which feature long lifespans, ultra-low power consumption and amazing display performance. Currently, Tianyi Micro has been developing TY130 in full swing - a 1.3-inch MicroOLED backplane for spatial computing equipment. The TY130 is expected to be launched in April 2024.

Safe Harbor Regarding Forward-Looking Statements
This press release 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. A 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 Tower’s business is included under the heading “Risk Factors” in Tower’s most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the Securities and Exchange Commission (the “SEC”) and the Israel Securities Authority. Tower does not intend to update, and expressly disclaim any obligation to update, the information contained in this release.

Tower Semiconductor Company Contact: Orit Shahar | [phone] | [e-mail]

Tower Semiconductor Investor Relations Contact: Noit Levy | [phone] | [e-mail]

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• Tianyi OLED MicroDisplay PR Final