Intel buying Israeli chipmaker Tower Semiconductor for $5.4 billion

Chris

Administrator
Staff member
Intel buying Israeli chipmaker Tower Semiconductor for $5.4 billion
Intel Corp signed a deal to buy Israeli chipmaking firm Tower Semiconductor for $5.4 billion.
By REUTERS
Published: FEBRUARY 15, 2022

Intel Corp is buying Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, giving it access to more specialized production and making it better positioned to take advantage of soaring demand for semiconductors. Intel is paying $53 per share for Tower - which specializes in analog chips used in cars, medical sensors and power management - well above a closing price of $33.13 on the Nasdaq on Monday.

After a delayed opening, Tower's Tel Aviv-listed shares were 40% higher on Tuesday. They had surged 48% in after-hours trading on Nasdaq on Monday after news of a possible takeover was reported. Prior to the announcement, Tower had a market value of $3.6 billion. The acquisition will deepen Intel's presence in a space dominated by Taiwan-based TSMC, the world's largest chipmaker, at a time when the global semiconductor shortage has hampered the production of everything from smartphones to cars.

more............... https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-696517
 

Footsteps

Well-Known Member
I am heavily invested in chips: Lay’s, Cape Cod (original), Pringles, and Ruffles. Diversity is generally important, but as you are now witnessing, name brand chips like I own have shot up in price, while Home Depot Chips, though easily purchased with a barbecue grille, taste like wood. I take no pleasure in outsmarting most of you, and I pray that you are not forced to buy Chinese chips which are often mixed with cardboard in the dough mixing process. This is not to say that Hunter is averse to making dough in China. His newest product Chinese Crack Chips is expected to be followed by Big Guy Chump Chips, crack pipe chips, opium gummy bears, and Pokemon Patties. The Patties will substitute for actual hamburger patties which few will be able to afford. They are vegetable based and will be known as Greta Thunburgers. “Hold the Mao” jokes will be forbidden.
 

athenasius

Well-Known Member
Intel buying Israeli chipmaker Tower Semiconductor for $5.4 billion
Intel Corp signed a deal to buy Israeli chipmaking firm Tower Semiconductor for $5.4 billion.
By REUTERS
Published: FEBRUARY 15, 2022

Intel Corp is buying Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, giving it access to more specialized production and making it better positioned to take advantage of soaring demand for semiconductors. Intel is paying $53 per share for Tower - which specializes in analog chips used in cars, medical sensors and power management - well above a closing price of $33.13 on the Nasdaq on Monday.

After a delayed opening, Tower's Tel Aviv-listed shares were 40% higher on Tuesday. They had surged 48% in after-hours trading on Nasdaq on Monday after news of a possible takeover was reported. Prior to the announcement, Tower had a market value of $3.6 billion. The acquisition will deepen Intel's presence in a space dominated by Taiwan-based TSMC, the world's largest chipmaker, at a time when the global semiconductor shortage has hampered the production of everything from smartphones to cars.

more............... https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-696517
This makes even more sense when you consider how important Taiwan is to the rest of the world for making these chips.

And how vulnerable the world is, if China invades Taiwan.
 
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