# Intel to acquire Tower Semiconductor for $5.4 billion

Intel Corporation announced a definitive agreement to acquire Tower Semiconductor for approximately $5.4 billion, advancing Intel's foundry strategy.

- Type: Acquisition
- Announced: 2022-02-15
- Where: Migdal Haemek, Israel, Israel
- Value: $5.40B
- Status: announced
- Capacity: 2 million wafer starts per year
- Products: analog semiconductor solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Tower Semiconductor](https://endata.com/companies/16113.md) (target)
- [Intel](https://endata.com/companies/21062.md) (acquirer)

## Sources

- [eastwind.es](https://eastwind.es/en/intel-acquires-the-israelite-tower-semiconductors-and-taiwanese-foxconn-signs-jv-mou-with-vedanta-to-manufacture-this-kind-of-components-in-india/), 2022-02-15: "The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented industry demand."
- [intc.com](https://www.intc.com/news-events/press-releases/detail/1527/intel-to-acquire-tower-semiconductor-for-5-4-billion), 2022-02-15: "Intel and Tower Semiconductor on Feb. 15, 2022, announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion."
- [financialpost.com](https://financialpost.com/pmn/business-pmn/intel-to-acquire-tower-semiconductor-in-5-4-bln-deal), 2022-02-15: "Intel Corp agreed to acquire Tower Semiconductor Ltd for an enterprise value of $5.4 billion, the companies said on Tuesday."
- [tomshardware.com](https://www.tomshardware.com/news/intel-acquires-tower-semiconductor-for-5-4-billion), 2022-02-15: "Tower's speciality technology portfolio, geographic reach, deep customer relationships and services-first operations will help scale Intel’s foundry services and advance our goal of becoming a major provider of foundry capacity globally."
- [petapixel.com](https://petapixel.com/2022/02/15/intel-buys-tower-semiconductor-for-5-4b-enters-image-sensor-business/), 2022-02-15: "Intel has announced that it will purchase camera sensor manufacturer Tower Semiconductor in a deal worth $5.4 billion."
- [semiconductorrevieweurope.com](https://www.semiconductorrevieweurope.com/news/intel-to-acquire-tower-semiconductor-for-54-billion-nwid-346.html), 2022-03-07: "With this transaction, Intel will be able to offer a compelling breadth of leading-edge nodes and differentiated specialty technologies on mature nodes, unlocking new opportunities for existing and future customers in an era of unprecedented semiconductor demand."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.