Page 48 - Tower Semiconductor News Today

Intel's bid to give its foundry business a boost has failed.

In a surprising twist, Intel Corporation, the American multinational corporation and technology giant, has decided to forego its planned acquisition of Israeli chip manufacturer, Tower Semiconductor.

Intel on Wednesday terminated its $5.4 billion acquisition of Tower Semiconductor, a development Western media outlets pointed out was mainly due to failure to secure regulatory approval in China. The incident has triggered another wave of Western speculation and concerns over Chinas anti-monopoly review amid US-China technology tensions.

The world this week

In 2021, Intel CEO Pat Gelsinger announced a comprehensive modernization strategy he dubbed IDM (integrated device manufacturing) 2.0. In a 2022 article, we described Intel's new approach this way: IDM 2.0 involves a three-pronged approach to semiconductor manufacturing: Intel’s network of global factories, use of third-party capacity and building out Intel Foundry Services, moves the company beyond simply producing Intel-branded chips, but helping meet the growing needs for custom ...

Intel Corporation (NASDAQ: INTC) shares are trading lower by 2.54% to $32.68 Thursday morning after the company and Tower Semiconductor recently terminated their pe

Intel suffered a setback for a key part of CEO Pat Gelsinger's comeback plan on Wednesday when the semiconductor giant announced the termination of its $5.4bn deal...

Beijing had the authority to delay the Intel deal because the country requires that its State Administration of Market Regulation (SAMR) approves mergers if one of the...

Intel has abandoned its attempts to acquire the Israeli chipmaker after China reportedly failed to approve the deal.

Nice Systems fell sharply today despite apparently good second quarter results, and the shekel went above NIS 3.7/$.