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Intel to cancel Tower Semiconductor acquisition - reports

The completion date for Intel's $5.4 billion deal to buy Israel's Tower Semiconductor has passed, but the US chip giant has failed to obtain regulatory approval in China.

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Intel cancels Tower Semiconductor acquisition

Intel will pay Tower a $353 million penalty for cancellation of the deal, which was due to failure to obtain regulatory approval in China.

Tel avivMigdal haemekHa afonPat gelsingerRussell ellwangerTower semiconductorTel aviv stock exchangeIsrael tower semiconductorTrading in tower semiconductorMigdal ha emek

Intel Kills $5 4 Billion Purchase of Israeli Tower Semiconductor over US-China Tensions | The Jewish Press - JewishPress com | David Israel | 29 Av 5783 – Wednesday, August 16, 2023

Intel Kills $5 4 Billion Purchase of Israeli Tower Semiconductor over US-China Tensions | The Jewish Press - JewishPress com | David Israel | 29 Av 5783 – Wednesday, August 16, 2023
jewishpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jewishpress.com Daily Mail and Mail on Sunday newspapers.

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Chinese curse becomes blessing for Intel

The Chinese regulator may well have done Intel a favor by scuppering the acquisition of Tower Semiconductor in retaliation for US measures.

Migdal haemekHa afonUnited statesJoe bidenRussell ellwangerPat gelsingerSanta claraTower semiconductorMigdal ha emekScience actSouth east

How Israel Achieved One of the Most Secure Water Economies, Drip by Drip - Nature & Environment

N-Drip, an Israeli Startup Helping Farmers Cope With the Climate Crisis, Hopes to Bring Drip Irrigation Which Has Been Used in Israel Since the 1960s to Farmers in America

United statesJordan valleyIsrael generalMigdal haemekHa afonRossd franklinSimcha blassHamovil haartziRoy mizrahiTami shorWater authorityColorado riverChief operatingEngineering officerArizona creditHamovil ha artzi