Regulatory Hurdles Halt Intel’s $5.4bn Tower Semiconductor Acquisition

  • Intel abandons its planned $5.4 billion acquisition of Tower Semiconductor due to unmet regulatory requirements, particularly in China.
  • The acquisition was aimed at bolstering Intel’s foundry business and increasing competition against rivals such as TSMC.
  • Intel will pay a $353 million termination fee to Tower and still aims to become the second-largest global external foundry by 2030.
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