Home Procurement NewsIntel scraps $5.4 billion acquisition of Tower Semiconductor after regulators fail to approve deal

Intel scraps $5.4 billion acquisition of Tower Semiconductor after regulators fail to approve deal

August 16, 2023•

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.

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Last modified: August 16, 2023

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