Intel nears roughly $6 billion deal to buy Tower Semiconductor

Intel Corp. is close to a deal to buy Israeli chip company Tower Semiconductor Ltd. for nearly $6 billion, according to people familiar with the matter, in its latest move to bolster a plan to make more chips for other companies.

A deal could be unveiled as early as this week, assuming the talks don’t collapse, the people said. The deal would likely include a hefty premium, given Tower’s market value of around $3.6 billion; indeed, shares soared more than 50% in after-hours trading on Monday after The Wall Street Journal reported on the expected takeover.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button