Page 57 - Tower Semiconductor News Today

Intel said on Wednesday it has scrapped its plan to merge with Israeli contract chipmaker Tower Semiconductor – amid speculation the takeover was a victim of…

Shares of Tower Semiconductor Ltd. (TSEM) are slipping over 8% on Wednesday morning after chip giant Intel Corp. (INTC) terminated its deal to acquire the Israeli chipmaker due to the inability to obtain regulatory approvals in a timely manner.

The companies canceled the deal after failing to obtain regulatory approval from China.

Stock indexes on Wall Street are lower and bond yields are climbing following the release of the minutes from the Federal Reserve’s most recent interest rate policy meeting.

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.Tower and Intel agreed to abandon the deal after there were "no indications regarding certain regulatory approval" by the merger contract deadline on Tuesday, according to the companies.

Intel is walking away from its plans to acquire Tower Semiconductor, a chip and CMOS sensor manufacturer, due to regulatory complications.

FTSE 100 eases, down 45 points at 7,345 Inflation falls to 6.8% in July, core inflation unchanged at 6.9% Aviva, Admiral rise after well received results ...

Detailed price information for Indian Rupee/British Pound (INRGBP) from The Globe and Mail including charting and trades.

Housing starts are expected to rise and Intel ends its plans to acquire Israeli chipmaker Tower Semiconductor. Here’s what investors need to know today. Intel…

The company won't be following through with a massive $5.4 billion asset buy after all.