Intel To Acquire Tower Semiconductor For $5.4 Billion
02/15/22, 9:05 AM
Location
santa claraIndustry
software
manufacturing
science and engineering
Intel Corporation (Nasdaq: INTC) and Tower Semiconductor (Nasdaq: TSEM), 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. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented industry demand.
Company Info
Location
1531 el miradero avenue
Santa Clara, California, United States
Company info
Intel is an industry leader, creating world-changing technology that enables global progress and enriches lives. The company continuously works to advance the design and manufacturing of semiconductors to help address customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, Intel unleashes the potential of data to transform business and society for the better.