Page 46 - Tower Semiconductor News Today

Intel (NASDAQ:INTC) on Wednesday terminated its acquisition of Israeli chipmaker Tower Semiconductor (NASDAQ:TSEM), saying it failed to secure the required regulatory approval. The tech giant said in a statement it is scrapping the planned deal ...

Intel has pulled out of a major acquisition of an Israeli chipmaker after failing to obtain the required regulatory approval.

Wall Street weakened Wednesday to worsen whats already been a messy August.

CEO of Intel Pat Gelsinger traveled to China recently to discuss the matter with the government officials, but it turned to be successful After several months of heated discussions, the agreement between US based Chip giant Intel and Israel’s contract chip manufacturer Tower Semiconductor has ceased finally. According to media reports, the $5.4 billion agreement has been mutually terminated because they were constantly failing to grab regulatory approvals on time. 

Intel Corporation has terminated a $5.4 billion deal to buy Tower Semiconductor in Israel after failing to get needed regulatory approval, the US chip maker announced Wednesday.

Breaking News, Sports, Manitoba, Canada

Global stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes that interest rate hikes are finished.

Wall Street weakened Wednesday to worsen whats already been a messy August.

A multibillion-dollar tech acquisition just hit a regulatory brick wall in China. Is there a silver lining for investors?

Plus: Apple is hung up on hanging up