Intel will purchase chipmaker Tower for $5.4 billion. Tower is an analog semiconductor foundry, and its acquisition will help advance Intel's IDM 2.0 strategy. Intel announced plans to produce ...

Tower Semiconductor Ltd. will use an Intel Corp. fabrication plant in Rio Rancho, New Mexico, to produce power management chips. The chips will be made as part of a manufacturing partnership that the ...

Intel has called time on its plan to acquire contract chipmaker Tower Semiconductor, citing its inability “to obtain in a timely manner the regulatory approvals required under the merger agreement.” ...

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The termination of Intel’s $5.4 billion deal to acquire Tower Semiconductor is a setback for Intel Foundry Services, the company’s nascent but growing contract chip-making business, because the ...

As for the details of this deal, Tower will be investing approximately $300 million into Intel's fab (a factory that makes chips) outside of Albuquerque, New Mexico. Intel calls this fab its ...

When Intel CEO Pat Gelsinger announced the company’s foundry strategy last March, he dubbed it IDM (integrated device manufacturing) 2.0. At the time, the company announced the first part of that ...

Intel confirmed Tuesday that it will pay $5.4 billion for an Israeli company that makes specialized computer chips for other businesses. The deal for Tower Semiconductor represents Intel’s biggest ...

Expect a speed boost, too, as Intel revs its old Skylake chip family a little faster. That'll be handy for gamers, video editors and others who need top performance. Stephen Shankland worked at CNET ...

On Feb. 15, Intel INTC announced it will acquire Tower Semiconductor TSEM for $5.4 billion or $53 per share in cash, which represents a 61% premium to Tower's closing price on Feb. 14. This is a ...

Chip maker Intel announced on Tuesday its plans to acquire Israel-based Tower Semiconductor for $5.4 billion. Tower Semiconductor specializes in manufacturing integrated circuits using specialty ...