Tower Semiconductor

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

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

Intel’s modernization strategy could face setback with end of $5.4B Tower deal

In 2021, Intel CEO Pat Gelsinger announced a comprehensive modernization strategy he dubbed IDM (integrated device manufacturing) 2.0. As part of that vision, the company announced a $20 billion inves

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

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 agreeme

Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

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