Intel announced over a year ago it planned to buy Tower Semiconductor for $5.4 billion, but now the deal won't be happening after China's regulators did not sign off for the acquisition in time.
Tower semiconductor RSS
In a blog post, Intel has announced that it will acquire Israel-based company Tower Semiconductor for $4.5 billion in cash. Intel says that the acquisition is a key part of its IDM 2.0 strategy.
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