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Intel To Acquire Tower Semiconductor For $5.4 Billion

Feb 15, 2022•almost 4 years ago

Acquiring Company

Intel Corporation

Acquired Company

Tower Semiconductor

Santa ClaraSoftwareManufacturingScience And Engineering

Description

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.

Company Information

Company

Intel Corporation

Location

Robert Noyce Building

Santa Clara, California, United States

About

Intel is an industry leader, creating world-changing technology that enables global progress and enriches lives. The company continuously works to advance the design and manufacturing of semiconductors to help address customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, Intel unleashes the potential of data to transform business and society for the better.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed