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

TechCrunch
By Paul SawersAug 16, 2023, 5:59 am205 pts
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…

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