Page 132 - Tower Semiconductor News Today

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Tower specializes in analog chips used in the automotive, mobile, medical and aerospace industries, and it will allow Intel to expand into the foundry market of bespoke chips

Intel is said to be nearing the acquisition of Israeli firm Tower Semiconductor for about $6 billion (roughly Rs. 45,275 crore).

Intel says it'll buy analog semi foundry Tower Semiconductor for $5.4 billion in cash, expanding Intel's capacity to build chips.

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.

The acquisition will deepen Intel's presence in a sector dominated by Taiwan-based TSMC at a time when global semiconductor shortage has hampered production of everything from smartphones to cars.

Tower specializes in analog chips used in the automotive, mobile, medical and aerospace industries. It had a market capitalization of $3.6 billion as of Monday's close

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. Intel CEO Pat Gelsinger said Tuesday that acquiring Tower will help expand Intel's newly formed “foundry” business that makes microprocessors for other firms. Tower, based in Tel Aviv,

Find out what's helping the stock market on Tuesday.

San Francisco, Feb 15 (IANS) Chip-maker Intel on Tuesday confirmed it is acquiring Israeli contract chip manufacturer Tower Semiconductor for approximately