Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

mahatmakanejeeves

(56,904 posts)
Tue Feb 15, 2022, 09:14 AM Feb 2022

Intel agrees to a deal to buy Israeli chip company Tower Semiconductor for nearly $6 billion

Intel agreed to a deal to buy Israeli chip company Tower Semiconductor for nearly $6 billion



WSJ News Exclusive | Intel Nears Roughly $6 Billion Deal to Buy Tower Semiconductor
Intel is close to a deal to buy Israeli chip company Tower Semiconductor for nearly $6 billion, as the U.S. semiconductor giant continues spending to expand

MARKETS | DEALS

Intel Agrees to $6 Billion Deal to Buy Tower Semiconductor

U.S. semiconductor giant continues ambitious push to expand its manufacturing operations
https://twitter.com/danacimilluca
Dana.Cimilluca@wsj.com
https://twitter.com/CaraRLombardo
cara.lombardo@wsj.com
By Dana Cimilluca and Cara Lombardo

Updated Feb. 15, 2022 7:44 am ET

Intel Corp. agreed to buy Israeli chip company Tower Semiconductor Ltd. for nearly $6 billion, bolstering a plan to make more chips for other companies.

Intel said early Tuesday that it would acquire Tower for $53 a share. That is a 60% premium to Tower’s closing share price of $33.13 on Nasdaq Monday, before The Wall Street Journal reported on the deal.

Already a WSJ member? Sign in
Latest Discussions»Issue Forums»Economy»Intel agrees to a deal to...