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| Economy |
| Intel buying Israeli chipmaker Tower Semiconductor for $5.4 billion |
| 2022-02-16 |
| [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 |
| #1 Assuming it doesn't end up like Tower Records. |
| Posted by: M. Murcek 2022-02-16 06:47 |