Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, August 16-Intel announced a $5.4 billion acquisition of Tower Semiconductor in February 2022, but according to Reuters and Bloomberg, the deadline is midnight California time on August 15. Intel has largely abandoned the acquisition and will pay Tower a "break-up fee" of $353 million (currently about 2.577 billion yuan).

Intel had hoped to further strengthen its contract manufacturing business by acquiring Tower Semiconductor, acquiring Tower Semiconductor's customer base and developing its own contract chip manufacturing business.

Tower Semiconductor (Tower Semiconductor)'s expertise in radio frequency (RF), power supply, silicon germanium (SiGe), industrial sensors and other expertise, as well as its extensive IP, electronic design automation (EDA) partnerships and mature contract manufacturing layout, will provide extensive coverage to Intel and Tower Semiconductor (Tower Semiconductor) customers around the world.

Tower Semiconductor (Tower Semiconductor) serves high-growth markets such as mobile, automotive and power, operates cross-regional foundry operations, has facilities throughout the United States and Asia, serves fab-free companies and IDM, and provides more than 2 million primary wafer (wafer starts) production capacity per year, including growth opportunities in Texas, Israel, Italy and Japan.

Update: Intel has issued a press release officially confirming that it has abandoned its acquisition of Tower Semiconductor.

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