Intel to acquire Tower Semiconductor as it continues to ramp up chip foundry investment

Chip giant will pay $5.4bn for Israeli-based company just weeks after it announced a $20bn investment into a new site in Ohio

clock • 1 min read
Intel to acquire Tower Semiconductor as it continues to ramp up chip foundry investment

Intel has continued its chip investment drive by announcing it is to acquire Israeli-based Tower Semiconductor for $5.4bn. The deal creates a "globally diverse end-to-end foundry to help meet gr...

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