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Intel buying Israeli chipmaker Tower Semiconductor for $5.4 billion
[Jpost] Intel Corp is buying Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, giving it access to more specialized production and making it better positioned to take advantage of soaring demand for semiconductors.Intel is paying $53 per share for Tower - which specializes in analog chips used in cars, medical sensors and power management - well above a closing price of $33.13 on the Nasdaq on Monday. After a delayed opening, Tower's Tel Aviv-listed shares were 40% higher on Tuesday. Posted by: Skidmark 2022-02-16 |
| http://www.rantburg.com/poparticle.php?ID=625147 |