Intel and Israeli contract chipmaker Tower Semiconductor have mutually terminated their proposed $5.4 billion deal due to a lack of timely regulatory approvals. The termination fee of $353 million will…
TECHNOLOGY
Intel to drop $5.4 billion Tower deal after China review delay, sources say
Intel Corp (INTC.O) will not proceed with its $5.4 billion acquisition of Israeli contract chipmaker Tower Semiconductor Ltd (TSEM.TA) due to the lack of regulatory approval from China. The decision…
By News Team August 16, 2023
US investors flag retaliation risks after Biden’s China tech curbs
Investors in the U.S. expressed concerns about potential retaliation from China and a decrease in Chinese purchases of American technology following President Joe Biden’s move to restrict certain U.S. technology…
By News Team August 11, 2023
Germany spends big to win $11 billion TSMC chip plant
Taiwanese chipmaker TSMC has committed 3.5 billion euros ($3.8 billion) to a factory in Germany, marking its first venture in Europe. The move comes as Europe aims to strengthen its…
By News Team August 8, 2023
Italy’s antitrust accepts Google’s proposals to end data portability case
In a significant development, Italy’s Antitrust Authority has accepted the proposals put forth by Google to end the data portability case. This decision marks a crucial step in addressing the…
By Jones Martinez July 31, 2023