: Intel calls off $5.4 billion purchase of Tower Semiconductor

by | Aug 16, 2023 | Stock Market

Intel Corp. called off its proposed $5.4 billion acquisition of Tower Semiconductor Inc. and will pay a termination fee of $353 million to its Israeli target. In a statement released Wednesday, the U.S. semiconductor giant said it would “terminate its previously disclosed agreement to acquire Tower due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement.​” The…

Article Attribution | Read More at Article Source

Share This