Intel, Tower scrap $5.4B deal after failing to gain regulator approval
Intel (INTC) is ending its $5.4 billion deal to buy Tower Semiconductor (TSEM) after failing to get Chinese regulatory approval. As part of the deal's termination, Intel will pay Tower a $353 milli...
Intel scraps $5.4 billion bid for chipmaker after China withholds approval
CNBC's Kristina Partsinevelos reports on news from Intel.
Intel Terminates $5.4 Billion Deal To Buy Tower Semiconductor
Intel called off a $5.4 billion deal to purchase Tower Semiconductor after it failed to secure timely regulatory approval from China.
Tower Semiconductor (TSEM) Stock Tanks as Intel Abandons Deal
Tower Semiconductor (NASDAQ: TSEM ) stock is taking a beating on Wednesday after the company's merger agreement with Intel (NASDAQ: INTC ) was terminated. The problem with the deal was Intel being ...
Intel Scraps $5.4 Billion Deal for Israel's Tower
Intel said it's walking away from its attempt to acquire Tower Semiconductor, abandoning a $5.4 billion deal after failing to win regulatory approval in time. Debby Wu has the details.
Dow seen flat ahead of FOMC minutes; Intel and Tower pull deal
7:00am: Wall Street seen flat with FOMC minutes to come US futures edged higher, after a torrid session on Tuesday, ahead of the release of minutes from the most recent Federal Open Market Committe...
Tower Semiconductor stock slumps as Intel axes takeover
Tower Semiconductor (NASDAQ:TSEM) stock was priced 11% lower in Wednesday's early transactions after Intel Corporation (NASDAQ:INTC) dropped its acquisition of the chip foundry. Intel unexpectedly ...
Intel axes US$5.4bn Tower Semiconductor takeover
Intel Corporation (NASDAQ:INTC) has unexpectedly axed its US$5.4 billion acquisition of Tower Semiconductor, with unnamed sources near to the deal citing regulatory complications and potential inte...
Intel scraps $5.4 billion acquisition of Tower Semiconductor after regulators fail to approve deal
Intel first announced plans to buy Tower Semiconductor in 2022 for $5.4 billion, but is now terminating the deal saying it failed to get regulatory approval.
Intel Scraps Tower Acquisition After China Fails to Approve Deal
Intel had agreed in February 2022 to buy the Israeli chip maker for more than $5 billion.
Intel Drops $5.4 Billion Deal for Tower Semi Amid China Holdup. It's a Blow to Chip Strategy.
The move for the Israeli company collapsed due to delays to regulatory approval. It's a setback for plans to ramp up its semiconductor-making business.
Intel to walk away from $5.4 bln acquisition of Tower Semiconductor-sources
Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familia...
Is Most-Watched Stock Intel Corporation (INTC) Worth Betting on Now?
Zacks.com users have recently been watching Intel (INTC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Better Chip Stock: Intel vs. Texas Instruments
Intel's grueling turnaround efforts are gradually paying off. TI's spending plans are rattling its long-term investors.
3 Best Semiconductor Stocks to Buy in August
Many investors are on the hunt for the best semiconductor stocks to buy as the world continues to get a technological glow-up. It's nearly impossible to get away from electronics these days, and th...
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