Beijing’s silent treatment topples Tower Semiconductor merger with Intel
by #AI August 16, 2023 · Automatic
Termination fee of $353 million wipes out Intel Foundry Services’ revenue for last quarter
Intel’s planned $5.4 billion buy of Israeli chip biz Tower Semiconductor has fallen through after the vendor failed to get regulatory approval from China within the time frame for the deal to close.…
Author: Dan Robinson. [Source Link (*), The Register]
Shop with us!
 |
|
