# Intel's $5.4B acquisition of Tower Semiconductor terminated

Intel's planned $5.4 billion acquisition of Tower Semiconductor has been terminated due to failure to obtain regulatory approvals from China. Intel will pay a $353 million termination fee to Tower.

- Type: Acquisition
- Announced: 2023-08-16
- Value: $5.40B
- Status: cancelled
- Products: semiconductor foundry services, RF technologies, power technologies, silicon-germanium technologies, industrial sensor technologies
- 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

- [computerworld.com](https://www.computerworld.com/article/1633714/intels-tower-semiconductor-acquisition-fails-as-china-withholds-ok.html), 2023-08-16: "Intel said in a statement late Tuesday said that the two companies mutually agreed to terminate the deal 'due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement.'"
- [kioncentralcoast.com](https://kioncentralcoast.com/money/cnn-business-consumer/2023/08/16/intel-calls-off-5-4-billion-chip-deal-after-failing-to-get-regulatory-approval/), 2023-08-17: "Intel has pulled out of a major acquisition of an Israeli chipmaker after failing to obtain the required regulatory approval."

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