Intel to Acquire Tower Semiconductor for $5.4 Billion
Headline from Valdosta Daily Times
SANTA CLARA, Calif. & MIGDAL HAEMEK, Israel--(BUSINESS WIRE)--Feb 15, 2022
Valdosta Daily Times's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Intel Corp. is close to a deal to buy Israeli chip company Tower Semiconductor Ltd. for nearly $6 billion, according to people familiar with the matter, bolstering a plan to make more chips for other companies.
Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant an edge in the business of making custom-designed chips.
Migdal Ha'emek-based company, founded in 1993, is leading maker of chips and semiconductors; purchase will be Intel's sixth acquisition of an Israeli company in recent years
Intel to Acquire Tower Semiconductor for $5.4 Billion | Since Then