Intel delays Tower Semiconductor acquisition

Intel's $5.4 billion acquisition of Tower Semiconductor is delayed beyond Q1 2023 due to pending regulatory approval from China's SAMR, now expected to close in H1 2023.

“Intel's planned purchase of Tower Semiconductor Ltd. has been pushed back by another quarter, as a regulatory decision has not been made by China's State Administration for Market Regulation (SAMR).”techpowerup.com

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• techpowerup.comIntel Confirms Delay in its Acquisition of Tower Semiconductor | TechPowerUpT0@stMar 23, 2023

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