# Intel to acquire Tower Semiconductor for $5.4B

Tower Semiconductor shareholders approved the acquisition by Intel for $53.00 per share in cash, valuing the deal at approximately $5.4 billion. The transaction is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2022-04-25
- Where: Migdal Haemek, Israel, Israel
- Value: $5.40B
- Status: announced
- 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

- [ir.towersemi.com](https://ir.towersemi.com/news-releases/news-release-details/tower-shareholders-approve-intel-merger-extraordinary-general/), 2022-04-25: "Tower's shareholders approved, by the requisite majority vote, the acquisition of Tower by Intel."
- [towersemi.com](https://towersemi.com/2022/04/25/04252022/), 2022-04-25: "Tower’s shareholders approved, by the requisite majority vote, the acquisition of Tower by Intel"

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