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Intel's Acquisition of Tower Delayed, Still Expected to Close by June 2023

Summary by Ground News

Intel Israel says it will continue to work toward closing the deal by the end of next week. China's State Administration for Market Regulation still has not cleared it. China wants Intel to keep investing in Chinese assets and is trying to leverage this by potentially blocking the transaction. Earlier this week Intel appointed its own veteran to lead its Intel Foundry Service unit.

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Intel's Acquisition of Tower Delayed, Still Expected to Close by June 2023

China's State Administration for Market Regulation still has not cleared Intel-Tower transaction.

2 years ago

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Tom's Hardware broke the news in 2 years ago on Wednesday, March 22, 2023.

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