Intel and Tower ink major foundry deal, $300M investment after Intel cancels its $5.4B Tower acquisition

TechCrunch
By Ingrid LundenSep 5, 2023, 8:38 am159 pts
Two weeks after Intel said it would cancel its plan to acquire Tower Semiconductor for $5.4 billion amidst pushback from regulators, the two companies intend to work together anyway. Intel today said that it would provide foundry services and 300mm manufacturing capacity to Tower. As part of the deal, Tower…

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