Friday, 24 March, 2023
Intel close to buying Israeli firm Tower Semiconductor for $6B
<p>Intel Corp is close to completing a $6B acquisition of Israeli firm Tower Semiconductor as part of its contract manufacturing strategy for other companies. The deal would strengthen Intel's position in a market dominated by Taiwan's TSMC, the world's largest contract chipmaker. Tower Semiconductor specialises in analogue chips used in the automotive, mobile, medical, and aerospace industries. Its stock price rose 53 percent in extended trade in the US.<br /> </p>
Read full story at CRN
Tags: