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Intel agrees to acquire Israeli chip company Tower Semiconductor for around $5.4B, or $53 per share; the deal is expected to close in 12 months

Intel Corp. agreed to acquire Tower Semiconductor Ltd. for about $5.4 billion, part of Chief Executive Officer Pat Gelsinger's push into the outsourced chip-manufacturing business.

Bloomberg Ian King

Discussion

  • @iancutress @iancutress on x
    Intel's call on Tower Semi acquisition is starting. #thread $INTC $TSEM @intel
  • @intelnews @intelnews on x
    “We believe that this deal will enable Intel to offer a compelling breadth of leading-edge nodes and differentiated specialty technologies on mature nodes - unlocking new opportunities for existing and future customers,” says @PGelsinger.
  • @iancutress @iancutress on x
    One of my comments about IFS is Intel's ability to deliver other process node features outside of high performance - MEMs, RF, Analog, High Voltage. They'd have to acquire to get this technology to integrate it. This seems to be the solution https://twitter.com/...
  • @intelnews @intelnews on x
    We believe that the transaction creates a globally diverse end-to-end foundry to help meet growing semiconductor demand and bring more value to customers across the nearly $100 billion addressable foundry market.