• Tower Semiconductor average operating margin for 2023 was 30.2%, a 97.26% decline from 2022.
• Tower Semiconductor average operating margin for 2022 was 15.31%, a 62.53% increase from 2021.
• Tower Semiconductor average operating margin for 2021 was 9.42%, a 44.7% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.