Intel Calls Off $5.4B Tower Deal after Failing to Obtain Regulatory Approvals
Chinese regulators did not greenlight the deal in time.
Source: mbtmag.com
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Stock Tanks as Intel Abandons Deal
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tower Semiconductor (TSEM) stock is taking a beating on Wednesday after the company's merger…
Source: biztoc.com
Wall Street is mixed a day after latest August tumble
Wall Street is mixed a day after latest August tumble
Source: dunyanews.tv
Sources: Intel's Tower deal is in jeopardy
According to sources familiar with the subject, Intel will abandon its USD 5.4 billion proposal to acquire Israeli Tower Semiconductor when their contract expires later on Tuesday – without Chinese regulatory approval.
Source: evertiq.com
Intel abandons chipmaking acquisition after failing to secure Chinese approval
Intel has officially terminated its acquisition of Tower Semiconductor which it said it was going to buy for $5.4 billion, after failing to get regulatory approval from China.
United States Stuart Pann Pat Gelsinger Intel Foundry Services Intel Foundry Service Tower Semiconductor
Source: theverge.com
Intel agrees to drop $5.4B Tower Semiconductor acquisition
Intel announced that it has mutually agreed with Tower Semiconductor to terminate Intel’s proposed $5.4 billion acquisition of Tower.
Source: venturebeat.com
Intel ends deal to buy Tower Semiconductor after failure to gain Chinese regulatory approval
Intel has cancelled its plans to buy Israeli foundry Tower Semiconductor after the deal failed to get approval from Chinese regulators ahead of a final…
Source: biztoc.com
Intel axes US$5.4bn Tower Semiconductor takeover
Intel Corporation (NASDAQ:INTC) has unexpectedly axed its US$5.4 billion acquisition of Tower Semiconductor, with unnamed sources close to the deal citing...
Source: proactiveinvestors.com
Intel, Tower terminate $5.4-bn deal over regulatory hurdles
Intel, which had decided to buy Tower last year, will pay a termination fee of $353 million to the latter, the company said in a statement.
United States Tel Aviv Pat Gelsinger Benjamin Netanyahu Rogers Corp Taiwan Semiconductor Manufacturing Co
Source: businesstoday.in
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
Source: triblive.com