Wednesday, August 16, 2023

Intel calls off $5.4b Tower deal after failing to obtain regulatory approvals


Intel is terminating a $5.4 billion agreement to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid deteriorating US-China relations.

source https://www.seattletimes.com/business/intel-calls-off-5-4b-tower-deal-after-failing-to-obtain-regulatory-approvals/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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