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Intel buys Tower Semiconductor for $5.4bn

The chip giant expects the acquisition to aid in seizing as much as possible of the nearly US$100 billion addressable foundry market.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

February 16, 2022 | 2:05 AM GMT

Intel buys Tower Semiconductor for $5.4bn

Pat Gelsinger, CEO of Intel. Source: VMware

The Tech Capital

Intel Corporation (Nasdaq: INTC) and foundry for analog semiconductor solutions Tower Semiconductor (Nasdaq: TSEM) have entered into a definitive agreement under which Intel will acquire Tower for US$53 per share in cash, representing a total enterprise value of approximately US$5.4 billion.

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João Marques Lima

Founder and Editor, The Tech Capital

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