(Bloomberg) 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.
Intel will pay $53 per share in cash for Tower, according to a statement Tuesday.
(Bloomberg) Intel Corp. Chief Executive Officer Pat Gelsinger, who took the job in February 2021, gives himself an A- grade for his first year running the chipmaker. Investors are proving to be tougher graders.
No one is faulting the 60-year-old’s energy level and ambition.
(Bloomberg) 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.
Intel will pay $53 per share in cash for Tower, according to a statement Tuesday.