Wisconsin Agreement between Data Systems and Software, Inc., Israel Corp., Ltd. and Tower Semiconductor Holdings 1993, Ltd.
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$353m As per the terms of the previously agreed deal, Intel will now be required to pay a termination fee of $353m to Tower. Intel announced its intentions to buy Tower ? a contract chipmaker that manufactures semiconductors for other companies ? in February 2022 for $5.4bn. Intel and Tower terminate $5.4bn deal - Financier Worldwide Financier Worldwide ? fw-news ? intel... Financier Worldwide ? fw-news ? intel...
15, 2022. ? In ance with the terms of the merger agreement and in connection with its termination, Intel will pay a termination fee of $353 million to Tower.
16, 2023 ? Intel Corporation (Nasdaq: INTC) today announced that it has mutually agreed with Tower Semiconductor (Nasdaq: TSEM) to terminate its previously disclosed agreement to acquire Tower due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement, dated Feb. Intel Announces Termination of Tower Semiconductor Acquisition intel.com ? news ? intel-news-aug-2023 intel.com ? news ? intel-news-aug-2023
US-based tech giant Intel has scrapped its $5 billion bid to acquire Israeli chip maker Tower Semiconductor after Chinese regulators failed to approve the deal. China's jurisdiction is based on the antitrust review if merging companies have revenue of more than $117 million a year from China. Chinese regulator blocked a merger between Intel and Tower ... dig.watch ? updates ? chinese-regulator-blocked-... dig.watch ? updates ? chinese-regulator-blocked-...
$5.4 billion The U.S. chip giant will pay a termination fee of $353 million to Tower. Intel announced plans to buy Tower in February 2022 for $5.4 billion. Tower is a contract chipmaker that manufactures semiconductors for other companies. Intel scraps $5.4 billion acquisition of Tower Semiconductor - CNBC cnbc.com ? 2023/08/16 ? intel-scraps-5poin... cnbc.com ? 2023/08/16 ? intel-scraps-5poin...