Tower Semiconductor Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 421.13 million compared to USD 347.21 million a year ago. Net income was USD 54.03 million compared to USD 28.32 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.26 a year ago.