Aug 16, 2023ACQUISITIONIsrael Intel and Tower Semiconductor terminate merger agreement
Tower Semiconductor and Intel mutually agreed to terminate their February 2022 merger agreement after failing to obtain required regulatory approvals. Intel will pay Tower a $353 million reverse termination fee.
Productssemiconductor foundry services
“Tower was very excited to join Intel to enable Pat Gelsinger's vision for Intel's foundry business.”design-reuse.com
- 4 sources
- design-reuse.comTower Announces Termination of Intel Acquisition AgreementAug 16, 2023
- moneycontroller.co.ukTower Semiconductor Ltd.: Tower Announces Termination of Intel Acquisition Agreement - Form 6-K - MoneyController (ID 1556040)Tower Semiconductor Ltd.Aug 16, 2023
- computerworld.comIntel’s Tower Semiconductor acquisition fails, as China withholds OK – ComputerworldAnirban GhoshalAug 16, 2023
- kioncentralcoast.comIntel calls off $5.4 billion chip deal after failing to get regulatory approval – KION Central CoastCNN NewsourceAug 17, 2023
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