Acquiring Company
Intel
Acquired Company
Tower Semiconductor
Santa Clara
IsraelManufacturingSoftwareManufacturingScience And EngineeringDescription
Intel Corporation (Nasdaq: INTC) and Tower Semiconductor (Nasdaq: TSEM), a leading foundry for analog semiconductor solutions, today announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented industry demand.
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Frequently asked
Who acquired Tower Semiconductor?
Tower Semiconductor was acquired by Intel, based in Santa Clara. The deal was reported on February 15, 2022. Intel is an industry leader, creating world-changing technology that enables global progress and enriches lives. Intel is publicly traded (INTC) and operates in Manufacturing.
When did Intel acquire Tower Semiconductor?
Intel's acquisition of Tower Semiconductor was reported on February 15, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Tower Semiconductor do?
Tower Semiconductor Ltd. It is publicly traded (TSEM), operating in Manufacturing, and is based in Israel.
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