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14 years ago the expectation was that the foundry industry would consolidate as fewer and fewer companies could afford leading-edge processes. Instead,

Now that we’re well into the 21st century, most people rarely think of Rockwell Microelectronics in connection with microprocessors and microcontrollers. The parent company, North American Rockwell (renamed Rockwell International in 1973), was a major military/aerospace contractor. Rockwell built the Apollo spacecraft, the B1 Lancer bomber, and the US Space Shuttle. Rockwell’s Rocketdyne engines were…

The acquisition has been approved by each company’s board of directors but will face scrutiny from government regulators

Intel announced plans to acquire Tower Semiconductor for $5.4 billion as part of efforts to become a major provider of foundry services and capacity. Intel describes the deal as highly complementary, bringing together its leading-edge nodes and scale manufacturing with Tower’s specialty technologies and customer-first approach to delivering technology and manufacturing capabilities.