Page 59 - Tower Semiconductor News Today

The Dow Jones Industrial Average (DJIA) is advancing cautiously in Wednesday’s premarket after major retailer Target (TGT) strongly reversed its rece

Shares of technology companies sank as the Federal Reserves minutes from its July rate-setting meeting showed most senior officials continued to see upside inflation risks, which could lead to... -Today at 05:32 pm- MarketScreener

Wall Street weakened Wednesday to worsen what's already been a messy August. The S&P 500 fell 33.53, or 0.8%, to 4,404.33, following up on its prior day's tumble of...

Intel announced over a year ago it planned to buy Tower Semiconductor for $5.4 billion, but now the deal won't be happening after China's regulators did not sign off for the acquisition in time.

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.

The termination of the $5.4bn deal is thought to be a result of the ongoing trade disputes between China and the US. US tech giant Intel has announced today…

12:45pm: Biding time  The Dow Jones Industrial Average (DJIA) drifted lower, following the other main US indices, as investors marketed time ahead of the...

Intel does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away.

Deal ends with Intel paying a $353 million termination fee to Tower.

Intel hoped that its acquisition of Tower would expand its manufacturing capacity and open up growth opportunities for the firm in U.S., Israel, Italy and Japan.