Intel scraps $5.4 billion Tower deal after China review delay | Business Information & News | Westlaw

Intel scraps $5.4 billion Tower deal after China review delay | Business Information & News | Westlaw

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Intel scraps $5.4 billion Tower deal after China review delay

Max Cherney; San FranciscoREUTERS (Approx. 4 pages)

Intel scraps $5.4 billion Tower deal after China review delay

Max Cherney; San FranciscoREUTERS (Approx. 4 pages)

8/16/23 REUTERS 02:40:04
REUTERS
Copyright (c) 2023 Thomson Reuters
August 16, 2023
Intel scraps $5.4 billion Tower deal after China review delay
Max Cherney; San Francisco
Chavi Mehta; Bengaluru
Jamie Freed
Nivedita Bhattacharjee
Anirban Sen
Anirudh Saligrama
Anirban Sen; New York
NEW YORK (Reuters) -Intel Corp scrapped its $5.4 billion deal to buy Israeli contract chipmaker Tower Semiconductor Ltd after their merger agreement expired without regulatory approval from China.
U.S.-listed shares of the Israeli company fell about...
---- Index References ----
Company: Taiwan Semiconductor Manufacturing Co., Ltd.; TOWER SEMICONDUCTOR LTD; ROGERS CORPORATION; DUPONT DE NEMOURS, INC.; INTEL CORPORATION
News Subject: (Business Management (1BU42); Corporate Events (1CR05); Corporate Groups & Ownership (1XO09); Emerging Market Countries (1EM65); Major Corporations (1MA93); Mergers & Acquisitions (1ME39))
Industry: (Electronic Components (1EL91); Electronics (1EL16); I.T. (1IT96); Semiconductor (1SE88))
Region: (Asia (1AS61); China (1CH15); Eastern Asia (1EA61); Far East (1FA27); Israel (1IS16); Middle East (1MI23); Taiwan (1TA79))
Language: EN
Other Indexing: (Taiwan Semiconductor Manufacturing Co.; Tower Semiconductor Ltd; Rogers Corp; DuPont De Nemours Inc; Intel Corp)
Keywords: ma; ma; ma
Word Count: 413
End of Document© 2024 Thomson Reuters. No claim to original U.S. Government Works.