# Intel to acquire Tower Semiconductor for $5.4 billion

Intel Corporation announced a definitive agreement to acquire Tower Semiconductor for $53 per share, with a total enterprise value of about $5.4 billion.

- Type: Acquisition
- Announced: 2022-12-16
- Where: Migdal Emek, Israel, Israel
- Value: $5.40B
- Status: announced
- Products: analog semiconductor solutions, semiconductor wafers
- 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

- [qeehuapump.com](https://www.qeehuapump.com/intel-announces-5-4-billion-acquisition-of-tower-semiconductor/), 2022-12-16: "Intel will acquire Tower Semiconductor in cash of $53 per share, with a total enterprise value of about $5.4 billion."

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