# 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.

- Type: Acquisition
- Announced: 2023-03-23
- Value: $5.40B
- Status: announced
- Products: semiconductor foundry services
- 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

- [techpowerup.com](https://www.techpowerup.com/306360/intel-confirms-delay-in-its-acquisition-of-tower-semiconductor), 2023-03-23: "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)."

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