<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001178913-25-003820</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Migdal Insurance &amp; Financial Holdings Ltd. -->
          <cik>0001415912</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Ordinary Shares, par value NIS 15.00 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000928876</issuerCik>
        <issuerName>TOWER SEMICONDUCTOR LTD</issuerName>
        <issuerCusips>
          <issuerCusipNumber>M87915274</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>Industrial Park, P.O. Box 619</com:street1>
          <com:city>Migdal Haemek</com:city>
          <com:stateOrCountry>L3</com:stateOrCountry>
          <com:zipCode>2310502</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Migdal Insurance &amp; Financial Holdings Ltd.</reportingPersonName>
      <citizenshipOrOrganization>L3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>6744227.47</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>6744227.47</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>6744227.47</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.98</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>With regard to rows (6), (8), (9) and (11), the beneficial ownership of the securities reported herein is described in Item 4(a).

Row (11) is Based on 112,824,944 Ordinary Shares outstanding as of July 8, 2026 (as reported on Bloomberg LP).</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>TOWER SEMICONDUCTOR LTD</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>Industrial Park, P.O. Box 619, Migdal Haemek, Israel, 2310502</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Migdal Insurance &amp; Financial Holdings Ltd.

The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Migdal Insurance &amp; Financial Holdings Ltd. (the "Subsidiaries"), such as Migdal Insurance Company Ltd., Migdal Sal Domestic Equities, Migdal Makefet Pension &amp; Provident Funds Ltd., and Migdal Mutual Funds Ltd..  The Subsidiaries manage their own funds and/or the funds of others, including for holders of various insurance policies, members of pension or provident funds, unit holders of mutual funds, portfolio management clients and their nostro accounts.  Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Migdal Insurance &amp; Financial Holdings Ltd. - 4 Efal Street; P.O. Box 3063; Petach Tikva 49512, Israel.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Migdal Insurance &amp; Financial Holdings Ltd. - Israel</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>See row 9 of cover page of each reporting person.

Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.  Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group.  The economic interest or beneficial ownership in a portion of the securities covered by this Statement (including the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities) is held for the benefit of insurance policy holders, the owners of portfolio accounts, or the members of the provident funds or pension funds, as the case may be.  In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein.  This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement.

 As of June 30, 2026, the securities reported herein were held as follows:

- 5,578,130.59 ordinary shares (representing 4.94% of the total ordinary shares outstanding) beneficially owned by Migdal Sal Domestic Equities (1);

- 1,129,246.88 ordinary shares (representing 1% of the total ordinary shares outstanding) beneficially owned by Migdal Mutual Funds Ltd.;

- 36,850.00 ordinary shares (representing 0.03% of the total ordinary shares outstanding) beneficially owned by Migdal Insurance Company Ltd..

(1) All ownership rights in this partnership belong to companies that are part of Migdal Group. The amount of ownership rights held by such companies in the partnership changes frequently according to a mechanism provided in the partnership agreement.</amountBeneficiallyOwned>
        <classPercent>See row 11 of cover page of each reporting person</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See row 5 of cover page of each reporting person</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See row 6 of cover page of each reporting person and note in Item 4(a) above</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See row 7 of cover page of each reporting person</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See row 8 of cover page of each reporting person and note in Item 4(a) above</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Migdal Insurance &amp; Financial Holdings Ltd.</reportingPersonName>
      <signatureDetails>
        <signature>Menashe Debby</signature>
        <title>Menashe Debby / Investment Accountant</title>
        <date>07/22/2026</date>
      </signatureDetails>
      <signatureDetails>
        <signature>Ahuvit Siodmak</signature>
        <title>Ahuvit Siodmak / CPA</title>
        <date>07/22/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
