Intel Terminates Plan To Buy Tower Semiconductor

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By msmashAug 16, 2023, 10:05 am135 pts
Intel has dropped its planned $5.4 billion acquisition of Israel's Tower Semiconductor. It's a setback to Intel's plans to expand its chip-manufacturing business. From a report: Intel said Wednesday the deal, originally agreed in 2022, had been terminated due to delays in getting regulatory approval. Chinese…

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