Intel, Tower terminate US$5.4 billion deal

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Over regulatory hurdles.

Intel, Tower terminate US$5.4 billion deal
Intel and Israeli contract chipmaker Tower Semiconductor's proposed US$5.4 billion ($8.4 billion) deal has been mutually terminated as they were unable to get timely regulatory approvals. Intel, which had decided to buy Tower last year, will pay a termination fee of US$353 million to the ...

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