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Intel calls off $5.4B Tower deal after failing to obtain regulatory approvals

HONG KONG — Intel will terminate a $5.4 billion deal to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid rising tensions with the United States. It was a mutual decision between Intel and Tower, the companies said Wednesday. Intel said that the
Tel Aviv United States Russell Ellwanger Patrick Gelsinger Pat Gelsinger Intel Corp

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