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Intel will not acquire Israeli contract chipmaker Tower Semiconductor as the $5.4bn deal expires on Tuesday and Intel did not secure approval from Chinese regulators as required under its contract. Intel will pay Tower a $353m break-up fee to walk away from the deal. Tensions between the US and China over trade, intellectual property, and the future of Taiwan are spilling over into corporate dealmaking, especially when it involves technology companies.

Washington Post Elon Musk's X Accused Of Slowing Traffic to Sites Criticized By Him, Including New York Times, Instagram X, formerly Twitter, was reportedly accused of limiting traffic to sites that Elon Musk, its owner, criticized. Users observed slower speeds when accessing links from several websites, such as The New York Times, Meta Platforms Inc's (NASDAQ: META) Instagram, Facebook & Threads, Bluesky, Reuters, and Substack. However, this lag seemed to be rectified by Tuesday afternoon. Musk

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.

Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM – Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $29.86 and last traded at $30.78, with a volume of 3708108 shares traded. The stock had previously closed at $33.78. Analyst Upgrades and Downgrades Separately, StockNews.com downgraded Tower Semiconductor from a […]

Altshuler Shaham Ltd lessened its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report) by 41.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,884 shares of the semiconductor company’s stock after selling 74,796 shares during the quarter. […]