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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
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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
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.
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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