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The Silicon Valley tech giant has a large presence in Israel, and has acquired several Israeli companies in recent years.

US stocks halted a three-day drop as Russian President Vladimir Putin said he hoped for a diplomatic outcome to the Ukraine crisis.By Rita NazarethBlo

The acquisition of Israel’s Tower will help Intel expand its foundry business and compete with other chipmakers such as Taiwan’s TSMC.

The deal will give Intel a stronger foothold in specialty technologies in which Tower Semiconductor works, like radio frequency and industrial sensors. #towersemiconductor

US semiconductor giant continues ambitious push to expand its manufacturing operations

(RTTNews) - After showing a strong move to the upside early in the session, stocks continue to see considerable strength in afternoon trading on T...

Chip-maker Intel on Tuesday confirmed it is acquiring Israeli contract chip manufacturer Tower Semiconductor for approximately $5.4 billion.The acquisition advances Intels IDM 2.0 strategy as the company further expands its manufacturing ...

Intel has reached an agreement to acquire Tower Semiconductor for $5.4 billion to “significantly” advance its strategy to manufacture chips for other companies.

Tower Semiconductor builds analog chips for several high-growth markets, including mobile computing and the automotive industry, according to Intel. 

US stocks halted a 3-day drop as Russian President Putin said he hoped for a diplomatic outcome to the Ukraine crisis.