Intel calls off Tower Semiconductor merger amid hurdles in China
By Yonnex Li ( August 16, 2023, 08:10 GMT | Insight) -- US chipmaker Intel said today it will terminate its proposed $5.4 billion acquisition of Israeli foundry Tower Semiconductor, after the deal failed to obtain China's antitrust approval in time. The case marks yet another high-profile semiconductor deal scuttled by intensifying China-US tensions.US chipmaker Intel said today it will terminate its proposed $5.4 billion acquisition of Israeli foundry Tower Semiconductor, after the deal failed to obtain China's antitrust approval in time....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.