Intel nears $8.4 billion deal to buy Tower Semiconductor

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Intel nears $8.4 billion deal to buy Tower Semiconductor

Chip giant expanding contract manufacturing.

Intel is close to buying Israeli firm Tower Semiconductor for about US$6 billion (A$8.4 billion), a source familiar with the matter said, as the US company looks to advance its strategy of contract manufacturing chips for other businesses. A deal could be unveiled as soon as this week, the ...

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