FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


For the month of December 2002

                            TOWER SEMICONDUCTOR LTD.
                (Translation of registrant's name into English)


                    P.O. BOX 619, MIGDAL HAEMEK, ISRAEL 10556
                    (Address of principal executive offices)


     Indicate  by  check  mark  whether the registrant files or will file annual
reports  under  cover  Form  20-F  or  Form  40-F.

                              Form 20-F X   Form 40-F
                                       ----          ----


     Indicate by check mark whether the registrant by furnishing the information
contained  in  this  Form  is  also  thereby  furnishing  the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


                                Yes      No  x
                                   ----     ----


          On  November 13, 2002, the Registrant announced that it joined the ARM
Foundry  Program.  A  copy of the press release is attached hereto as Exhibit 1.

     On  December  17, 2002, the Registrant announced that it enhanced its Fab 2
intellectual  property portfolio by licensing industry-standard design platforms
from Artisan Components, Inc.  A copy of the press release is attached hereto as
Exhibit  2.

     This  Form  6-K  is  being  incorporated  by  reference  in  all  effective
registration  statements  filed  by  us  under  the  Securities  Act  of  1933.

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                                   SIGNATURES

     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned,  thereunto  duly  authorized.


                                                    TOWER  SEMICONDUCTOR  LTD.



Date:  January  6,  2003                    By:     /s/  Sheldon  Krause
                                                    --------------------
                                                     Sheldon  Krause
                                                     Assistant Secretary



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