The $5.4 bln acquisition of Tower Semiconductor was aimed at beefing up Intel’s manufacturing business. Intel aims to combine its and Tower's foundries to become one large foundry service. 03:28. Though Tower Semiconductor has been around for over three decades, in a deal announced earlier this week, Intel has agreed to purchase it for roughly $5.4B. Intel will acquire Tower Semiconductor By Intel Corporation Feb 15, 2022 Intel Corporation and Tower Semiconductor, a leading foundry for analog semiconductor solutions, today announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion. Tower makes power management chips, image sensors and a variety of other semiconductors. Intel signed a deal to buy Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday (February 15).It comes as Intel looks to further expand its manufacturing capacity and technology portfolio amid rising demand.Intel is paying $53 per Tower share, well above a closing price of $33 on Nasdaq on Monday (February 14).The … Intel has signed a definitive agreement to acquire Israel-based Tower Semiconductor for USD 5.4 billion at USD 53 per share in an all-cash deal. Intel and Tower Semiconductor Intel and Tower Semiconductor Intel and Tower Semiconductor, a leading specialty foundry for high-value analog semiconductor solutions, today announced a definitive agreement under which Intel will acquire Tower. NEWS HIGHLIGHTS Transaction creates a globally diverse end-to-end foundry to help meet growing semiconductor demand and brings more value to customers across the nearly $100 billion addressable foundry market. Tower makes power management chips, image sensors and a variety of other semiconductors. Tower Semiconductor specializes in manufacturing integrated circuits using specialty process technologies. SANTA CLARA, CA–Intel Corp. and Tower Semiconductor, a leading foundry for analog semiconductors, have announced an agreement under which Intel will acquire Tower for approximately $5.4 billion. The transaction is expected to close in … Intel has announced that it will purchase camera sensor manufacturer Tower Semiconductor (formerly TowerJazz as of March, 2020) in a deal worth $5.4 billion. Download PDF Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant an edge in the business of making custom-designed chips. February 24, 2022 • … Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant … Intel is paying $53 per Tower share, well above a closing price of $33.13 on Nasdaq on Monday. The deal, unveiled on Feb. 15, gives Intel even broader chip-making capacity, a more diverse collection of talent and technologies, and a wider geographic footprint for its chip … Tower Semiconductor reported Q4 earnings recently and also announced the takeover of TSEM by Intel. Earlier Intel neared a deal to acquire Tower Semiconductor for ~$6 billion, the Wall Street Journal reported. Indeed, Tower Semiconductor (NASDAQ: TSEM) is up over 40% after Intel (NASDAQ: INTC) agreed to buy the company in a deal worth $5.4 billion. In a move this morning, Intel is set to acquire Tower Semiconductor. Tue, Feb 15 202211:11 AM EST. This is a big move to bolster Intel Foundry Services or IFS. Intel could soon announce a nearly $6 billion acquisition that would give its fledgling foundry business a boost, according to The Wall Street Journal.The chip giant is reportedly close to clinching a deal to purchase Israeli chip company Tower Semiconductor, and it could be announced sometime this week unless the talks suddenly fall apart. The deal is still subject to certain regulatory approvals including the approval from Tower's shareholders. Intel Corp signed a deal to buy Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, as Intel looks to further expand its manufacturing capacity and technology portfolio amid rising demand. Intel has entered into an agreement to scoop up Israel-based Tower Semiconductors for US$5.4 billion as it continues its quest to boost its foundry capacity, the company announced on Feb. 15. Intel agreed to buy Israeli company Tower Semiconductor for $5.4 billion as it looks to expand its manufacturing capacity and technology portfolio amid rising demand. Intel to Acquire Tower Semiconductor for $5.4 Billion Intel to Acquire Tower Semiconductor for $5.4 Billion Acquisition accelerates Intel’s global, end-to-end foundry business. Its customers include Analog Devices Inc. and Broadcom Inc., according to data compiled by Bloomberg. The move, which has been unanimously approved by the boards of directors of both companies, will significantly expand Intel's Foundry Services operations. Open Queue. Intel to Acquire Tower Semiconductor for $5.4 Billion Acquisition accelerates Intel’s global, end-to-end foundry business. Intel has agreed to buy Tower Semiconductor in a deal valued at $5.4 billion. Update 02/15/22 4:13AM ET: Intel has announced that it has acquired Tower Semiconductor for $5.4 billion or $53 per share in cash. Its customers include Analog Devices Inc. and Broadcom Inc., according to data compiled by Bloomberg. Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant … Analysts at KeyBanc Capital Markets called the deal “moderately positive” for Intel. Since Taiwan Semiconductor is a specialty foundry, it’s unclear whether the acquisition will help Intel expand to the same volumes and compete with Samsung and TSMC on mainstream process technologies. Intel Corp signed a deal to buy Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, as Intel looks to further expand its manufacturing capacity and technology portfolio amid rising demand. The transaction is expected to be fully completed in 12 months, pending regulatory approvals. Intel to Acquire Tower Semiconductor for $5.4 Billion The Transaction creates a globally diverse end-to-end foundry to help meet growing semiconductor demand and brings more value to customers across the nearly $100 billion addressable foundry market. Intel has announced the acquisition of Israeli chipmaker Tower Semiconductor for $5.4 billion. CNBC’s ‘Squawk on the Street’ team breaks down the deal. A deal could be unveiled as soon as this week assuming talks don't fall apart, according to people familiar with the matter. Tower Semi In Agrate Italy Cover. Tower Semiconductor Ltd. shares soared 51% to $50.14 in Monday's after-hours trading session after The Wall Street Journal reported that Intel Corp. is close to a deal to buy the Israeli chip company for nearly $6 billion. But analysts … Check out my thoughts on this deal. The acquisition is in line with the company’s IDM 2.0 strategy to expand its manufacturing capacity, global footprint and technology portfolio with a view to tide over the chip crisis. Intel on Tuesday said it would buy Tower for $53 a share, or $5.4 billion to give it access to more specialised production as it positions to take advantage of the soaring semiconductor demand. Intel Corp. agreed to buy Israeli chip company Tower Semiconductor Ltd. for nearly $6 billion, bolstering a plan to make more chips for other companies. Intel agreed to buy Tower Semiconductor for $5.4 billion, the company announced. FILE - In this Oct. 3, 2018, file photo the Intel logo appears on a screen at the Nasdaq MarketSite, in New York's Times Square. Intel Corp agreed to acquire Tower Semiconductor Ltd for an enterprise value of $5.4 billion, the companies said on Tuesday. Over the past year, Intel has been focusing on building its business to compete with TSMC as a foundry destination, and this is a $5.4 billion jumpstart to that effort. The News: Intel Corp. (Nasdaq: INTC) is loudly continuing its efforts to bolster its chip fab capabilities by acquiring Israeli chip fab, Tower Semiconductor (Nasdaq: TSEM), for $5.4 billion. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio … Typical customers for Tower Semiconductor are companies that design MEMS, RF CMOS, and BiCMOS chips, CMOS image sensors, power management ICs (PMICs), and silicon-germanium transistors (SiGe). In terms of overall manufacturing capacity, the foundry is capable of more than two million wafer starts per year. Intel Chief Executive Officer Pat Gelsinger argued that Intel’s scale would help boost Tower’s business and efficiency. Intel’s Aggressive Foundry Expansion Intel Corp signed a deal to buy Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, as Intel looks to further expand its manufacturing capacity and technology portfolio amid rising demand. News February 15, 2022 Contact Intel PR More Manufacturing News Tags Manufacturing, International News NEWS HIGHLIGHTS Intel to Acquire Tower Semiconductor for $5.4 Billion Acquisition accelerates Intel’s global, end-to-end foundry business. But Intel can’t bet on this deal to … Deal is still subject to certain regulatory approvals //ih.advfn.com/stock-market/NASDAQ/intel-INTC/stock-news/87282825/tower-semiconductor-ltd-jumps-51-on-wsj-report-o '' > Intel /a. Foundry service ’ s ‘ Squawk on the Street ’ team breaks down the deal is still to. > Open Queue to acquire Tower Semiconductor Ltd KeyBanc Capital Markets called deal... Per Tower share, well above a closing price of $ 33.13 on Nasdaq on Monday n't fall apart according... 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