The Wisconsin Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. is a legal contract that outlines the terms of the relationship and collaboration between the three parties. This agreement covers various aspects related to data systems, software development, and semiconductor manufacturing, providing a framework for cooperation, intellectual property rights, and financial arrangements. Key terms within the Wisconsin Agreement include: 1. Data Systems and Software, Inc.: Data Systems and Software, Inc. is a technology company based in Wisconsin that specializes in the development and implementation of data systems and software solutions. As a party to the agreement, the company is expected to provide its expertise and resources in the field. 2. Israel Corp., Ltd.: Israel Corp., Ltd., is an Israeli corporation involved in various industries, including technology and manufacturing. Their role in the agreement may include providing financial support, technology know-how, or facilities for the collaboration. 3. Tower Semiconductor Holdings 1993, Ltd.: Tower Semiconductor Holdings 1993, Ltd., commonly known as Tower Semiconductor, is a leading global semiconductor foundry based in Israel. As part of the agreement, Tower Semiconductor may offer its manufacturing facilities, advanced semiconductor technologies, and engineering knowledge to enhance the development and production of relevant products. 4. Collaboration Framework: The Wisconsin Agreement establishes the framework for collaboration between the three parties involved. It may outline specific areas of cooperation, such as joint research and development projects, technology transfers, or joint marketing efforts. 5. Intellectual Property Rights: The agreement also defines the ownership and usage rights of intellectual property (IP) created or utilized during the collaboration. This includes patents, copyrights, trademarks, and trade secrets. The parties may determine how ownership, licensing, and protection of IP will be handled. 6. Financial Arrangements: The Wisconsin Agreement outlines the financial aspects, including investment, royalties, and profit-sharing mechanisms between the parties. It may specify the contribution of each party, the allocation of costs, and the division of revenues generated as a result of the collaboration. 7. Duration and Termination: The agreement may specify the duration of the collaboration, including milestones or benchmarks to gauge progress. Additionally, it may outline circumstances under which the agreement can be terminated, such as breach of contract, insolvency, or mutual agreement. While the Wisconsin Agreement mentioned above is not specific to a particular type, it is essential to note that variations of similar agreements could be tailored to meet the specific needs of Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. These variations may differ in terms of scope, objectives, or commercial purpose, depending on the nature of the collaboration and the desired outcomes.
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...