Tower Semiconductor Ltd. Stock News

Tower Semiconductor (NASDAQ:TSEM) is scheduled to announce Q4 earnings results on Thursday, February 17th, before market open.The consensus EPS Estimate is $0.47 (+38.2% Y/Y) and…

Check out the story - Intel to acquire Israeli semiconductor company Tower Semiconductor on Business-News-Today.com posted under Technology Industry News.

SANTA CLARA: Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant an edge in the business of making custom-designed chips. Pat Gelsinger, Intel chief executive officer, said Tuesday that acquiring Tower will help expand Intel''s newly formed "foundry" business that makes microprocessors for other firms. Tower, based in Tel Aviv, specializes in making analog chips used in cars, mobile devices and in industrial, medical and military sectors. The companies said it could take a year for the deal to close. It''s been approved by each company''s board of directors but will face scrutiny from government regulators. Amid growing demand for semiconductors and an ongoing global chip shortage, Santa Clara, California-based Intel said the deal also will help expand its manufacturing capacity and global footprint. Many chipmakers have been seeking to diversify their supply chains to prevent the disruptions caused by pandemic lockdowns and other unexpected events.

Analysts had mixed views on Intel Corp (NASDAQ: INTC ) after yesterday''s reports about Intel nearing a deal to acquire Tower Semiconductor Ltd (NASDAQ: TSEM ) for $6 billion. Northland analyst Gus Richard said such a deal would "make a lot of sense" and be a good one for Intel shareholders based on his estimate that it would cost $13 billion -$15 billion to replace the Tower foundry network. Intel "failed the last time it tried to become a foundry," and it needs to learn how to work with foundry customers, develop process design kits, expand its IP … Full story available on Benzinga.com

Intel has agreed to buy Israel-based chipmaker Tower Semiconductor for $5.4 billion to expand its manufacturing capacity and technology portfolio amid rising demand.

Analysts had mixed views on Intel Corp (NASDAQ: INTC) after yesterday's reports about Intel nearing a deal to acquire Tower Semiconductor Ltd (NASDAQ: TSEM) for $6 billion.  Northland analyst G

Intel is investing $5.4 billion to acquire Israels chipmaking company, Tower Semiconductor. The acquisition was announced by the companies on Tuesday, Feb. 15. The deal will allow Intel Corp to have access to more…

Intel Corp is buying Israeli chipmaker Tower Semiconductor (TSEM.TA) for $5.4 billion, the companies said on Tuesday, giving it access to more specialised production as it positions to take advantage of soaring semiconductor demand. Intel is paying $53 per share for Tower – which specialises in analogue chips used in…

Chip-maker Intel on Tuesday confirmed it is acquiring Israeli contract chip manufacturer Tower Semiconductor for approximately $5.4 billion.

Intel has entered into an agreement to scoop up Israel-based Tower Semiconductors for US$5.4 billion as it continues its quest to boost its foundry capacity, the company announced on Feb. 15. The deal will see Intel pay US$53 per share, $6 over the Tower’s closing price on Feb. 14. Intel intends to fund the acquisition […] The post Buy more to make more: Intel acquires Tower semiconductors first appeared on IT World Canada .

Intel Corp agreed to acquire Tower Semiconductor Ltd for about US$5.4 billion, part of chief executive officer Pat Gelsinger’s push into the outsourced chip-manufacturing business.Intel will pay US$53 per share in cash for Tower, according to a statement Tuesday. The offer represents a 60 per cent premium to Tower’s closing share price in US trading on Monday. The companies’ boards have approved the transaction, which they expect will close in about 12 months.Shares of Tower rose 42 per cent in…

Intel and Tower Semiconductor announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented industry demand. “Tower’s specialty technology portfolio, geographic reach, deep customer relationships and services-first operations will help scale Intel’s foundry services and advance … More → The post Intel acquires Tower Semiconductor to expand its manufacturing capacity appeared first on Help Net Security .

Tower’s facility on Jamboree Road is focused on chips built for the U.S. aerospace and defense industries.

US sharemarkets were firmer on Tuesday. Investors perceived a de-escalation of tensions between Ukraine and Russia. Benefitting were banks and so-called ''mega cap'' technology stocks. Travel-dependent stocks also lifted sharply on re-opening hopes. Shares in Intel rose 1.8% after it announced a $5.4 billion deal to buy Israeli chipmaker Tower Semiconductor. At the close of trade, the Dow Jones index was up by 423 points or 1.2%. The S&P 500 index was up 1.6%. And the Nasdaq index rose by 349 points or 2.5%. US treasuries were mixed on Tuesday. Investors dissected news on Ukraine together with data showing a solid lift in US producer prices in the latest month. US 10-year yields rose by 6 points to 2.05%. But US 2-year yields fell by 1 point to 1.58%.

Intel''s $5.4 billion deal to buy Tower Semiconductor represents a big investment in manufacturing analog chips—a different strategy from US chip giants like AMD and NVIDIA which have gone fabless.