Intel, Tower Terminate Proposed $5.4 Billion Deal After Failing to Get Regulatory Approvals
[ad_1] Intel and Israeli contract chipmaker Tower Semiconductor’s proposed $5.4 billion (roughly Rs. 44,919 crore) deal has been mutually terminated as they were unable to get timely regulatory approvals, the companies said on Wednesday. Shares of the Israeli company fell about 9 percent in the United States as well as Tel Aviv. Intel, which had … Read more