T. Rowe Price (TSEM) reports 7.39M-share stake in Tower Semiconductor (6.6%)

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. filed a Schedule 13G reporting beneficial ownership of 7,388,751 shares of Tower Semiconductor Ltd common stock, representing 6.6% of the class as of 03/31/2026. The filing shows sole voting power of 7,129,804 shares. The filer includes a statement denying beneficial ownership in the submission.

Insights

Institutional Ownership Analyst

Large passive holding disclosed by T. Rowe Price; ownership near 7.4M shares.

T. Rowe Price reports 7,388,751 shares representing 6.6% of the outstanding common stock as of 03/31/2026. The filing lists sole voting power of 7,129,804 shares, indicating voting control over most reported holdings.

This Schedule 13G is consistent with a sizable institutional stake; the filer also includes a formal disclaimer denying beneficial ownership in the same submission. Subsequent disclosures or amendments would clarify any change in intent or voting arrangements.

Securities Compliance Counsel

Filing format and disclaimer warrant attention for compliance context.

The submission is a Schedule 13G, which typically indicates passive or qualifying ownership. The statement in the filing expressly denies beneficial ownership, which is a formal qualification that may reflect pooled/managerial arrangements.

Regulatory readers should note the as of 03/31/2026 reporting date and the signature dated 05/15/2026; any changes in voting/disposition powers would require amendment filings under applicable rules.

Key Figures

Shares beneficially owned: 7,388,751 shares Percent of class: 6.6% Sole voting power: 7,129,804 shares +3 more

6 metrics

Shares beneficially owned 7,388,751 shares Amount beneficially owned as reported

Percent of class 6.6% Percent of common stock as reported

Sole voting power 7,129,804 shares Sole power to vote or direct the vote

Sole dispositive power 7,388,751 shares Sole power to dispose or direct disposition

Reporting date 03/31/2026 'as of' date for ownership figures

Signature date 05/15/2026 Date signed by Vice President Ellen York

Key Terms

Schedule 13G, beneficial ownership, sole dispositive power

3 terms

Schedule 13G regulatory

"T. Rowe Price Associates, Inc. filed a Schedule 13G reporting beneficial ownership"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficial ownership regulatory

"Amount beneficially owned: 7388751 and the filer denies beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

sole dispositive power financial

"Sole power to dispose or to direct the disposition of: 7388751"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

TOWER SEMICONDUCTOR LTD

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

M87915274

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): M87915274

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,129,804.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,388,751.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,388,751.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TOWER SEMICONDUCTOR LTD
(b)	Address of issuer's principal executive offices: RAMAT GAVRIEL INDUSTRIAL PARK, PO BOX 619, MIGDAL HAEMEK, L3, 2310502
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP Number(s): M87915274
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7388751
(b)	Percent of class: 6.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7129804
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 7388751
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	05/15/2026

FAQ

What stake does T. Rowe Price (TSEM) report?

T. Rowe Price reports 7,388,751 shares, equal to 6.6% of Tower Semiconductor Ltd common stock as of 03/31/2026. The filing also shows sole voting power of 7,129,804 shares in its submission.

Does the Schedule 13G show voting or dispositive power?

Yes. The filing lists sole voting power of 7,129,804 shares and sole dispositive power of 7,388,751 shares as of 03/31/2026. Shared voting and dispositive powers are reported as zero.

What type of SEC filing was submitted for TSEM?

The filer submitted a Schedule 13G reporting its position in Tower Semiconductor Ltd common stock with an as of date of 03/31/2026 and a signature dated 05/15/2026 by a Vice President of T. Rowe Price.

Does T. Rowe Price claim beneficial ownership in the filing?

The filing includes a formal statement in which T. Rowe Price denies beneficial ownership of the securities referenced, while still reporting voting and dispositive powers and the 7,388,751 share amount.

When were the ownership figures reported and signed?

Ownership figures are reported as of 03/31/2026 in the Schedule 13G, and the filing is signed by Ellen York, Vice President, with the signature dated 05/15/2026.