Intel abandons chipmaking acquisition after failing to secure Chinese approval

The Verge
By Jon PorterAug 16, 2023, 7:21 am249 pts
Illustration by Alex Castro / The Verge Intel has officially terminated its acquisition of Tower Semiconductor, the Israeli chipmaking company it announced its intention to buy for $5.4 billion in February 2022. In a press release Intel blamed its “inability to obtain… the regulatory approvals required…

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