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What do you think will happen? Extend or give it up?
NEWS HIGHLIGHTS
Transaction creates a globally diverse end-to-end foundry to help meet growing semiconductor demand and brings more value to customers across the nearly $100 billion addressable foundry market.
Acquisition accelerates Intel’s path to becoming a major provider of foundry services and capacity globally, now offering one of the industry’s broadest portfolios of differentiated technology.
Highly complementary transaction brings together Intel’s leading-edge nodes and scale manufacturing with Tower Semiconductor’s specialty technologies and customer-first approach to deliver leading technology and manufacturing capabilities and enhanced value to customers globally.
Transaction is expected to be immediately accretive to Intel’s non-GAAP EPS.
Intel and Tower Semiconductor management will host a conference call for investors, media and industry analysts at 5:30 a.m. PST today (3:30 p.m. Israel Standard Time) to provide further details on the transaction.
(Bloomberg) -- Intel Corp. said it’s walking away from its attempt to acquire Tower Semiconductor Ltd., abandoning a $5.4 billion deal after failing to win regulatory approval in time. Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End...
finance.yahoo.com
Intel will pay Tower a termination fee of $353 million.
Hello Daniel, Intel just announced that it has mutually agreed with Tower Semiconductor to terminate Intel’s proposed acquisition of Tower due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement. You can find the press release here. Intel...
