Intel and Tower Semiconductor cancel $5.4B merger over regulatory hurdles

12:59 16.08.2023
Intel has called time on its plan to acquire contract chipmaker Tower Semiconductor, citing its inability “to obtain in a timely manner the regulatory approvals required under the merger agreement.” Chip giant Intel first announced it was planning to buy the Israeli company for $5.4 billion way back in February last year, a move designed […]...
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