China blocks Intel’s $5.4B merger with Tower Semiconductor

Ars Technica
By Ashley BelangerAug 16, 2023, 11:56 am103 pts
Enlarge (credit: NurPhoto / Contributor | NurPhoto) Today, Intel officially announced the termination of a $5.4 billion deal with Tower Semiconductor that was supposed to propel Intel closer to its "goal of becoming the second-largest global external foundry by the end of the decade." Yesterday, the deadline…

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