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Intel abandons chipmaking acquisition after failing to secure Chinese approval
Intel abandons chipmaking acquisition after failing to secure Chinese approval Illustration by Alex Castro / The VergeIntel has officially terminated its acquisition of Tower Semiconductor, the Israeli chipmaking company it announced its intention to buy for $5.4 billion in February 2022. In a press release Intel blamed its “inability to obtain… the regulatory approvals required under the merger agreement” in a timely mann...
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