Intel terminates its acquisition of Israeli chipmaker Tower Semiconductor

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Good update very informative. We were puzzled as to why they needed Chinese approval. Also does the termination fee of ~ 6% $350 million seem reasonable?

timcrowley
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Intel and Tower Semiconductor mutually agree, but Intel still pays $350 million

fluxem
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Intel bowing to the whims of Chinse is eye tweaking.

onehitpick
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We need to scrap giving money to TSMC asap, give the money to intel instead since they are US based. Maybe incentivize company’s to have their chips built in the US.

nick-dogg
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Former Intel CEO was jewish so he sent lots of American jobs to israel ~~~~

nexx