FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                          For the month of March 2003

                            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 March 4, 2003, we announced certain changes in our management that
will become effective June 1, 2003. Our press release announcing these
management changes is attached as Exhibit 1 hereto.

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


                                       2




                                   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:  March 4, 2003                By:      /s/ Sheldon Krause
                                         ---------------------------------------
                                                  Name: Sheldon Krause
                                                  Title:   Assistant Secretary


                                       3