AssetID: 52963385
Headline: Intel Terminates $5.4 Billion Tower Semiconductor Acquisition
Caption: On Aug. 16, Intel announced that it will no longer be buying the Israeli chipmaker, CNBC reports. The deal was scrapped "due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement," Intel said. Chinese authorities reportedly did not approve the deal.
Keywords: Intel,Terminates,Billion,Tower,Semiconductor,Acquisition,Israeli,Chip,Merger,Chipmaker,Company,Agreement,Deal,Scrapped,Inability,Regulatory,Approval,Chinese,Authorities,China,Tech,Micron,US,USA,United States,Restrictions,TSMC,Samsung
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