Intel Corp. and Tower Semiconductor Ltd. shares fell Wednesday after the chip companies called off an acquisition because Intel was unable to secure regulatory clearances in time, but few on Wall Stre
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 million
CNBC's Kristina Partsinevelos reports on news from Intel.
Intel called off a $5.4 billion deal to purchase Tower Semiconductor after it failed to secure timely regulatory approval from China.
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 una

5 Things to Know Before Markets Open

07:45am, Wednesday, 16'th Aug 2023
Housing starts are expected to rise and Intel ends its plans to acquire Israeli chipmaker Tower Semiconductor. Here's what investors need to know today.

Intel Scraps $5.4 Billion Deal for Israel's Tower

07:37am, Wednesday, 16'th Aug 2023
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.
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 Committee m
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 ann

Intel axes US$5.4bn Tower Semiconductor takeover

06:26am, Wednesday, 16'th Aug 2023
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 integra
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 had agreed in February 2022 to buy the Israeli chip maker for more than $5 billion.
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 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 familiar w
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.
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