Intel to buy Tower Semiconductor in $5.4 billion deal

clock • 3 min read
Intel to buy Tower Semiconductor in $5.4 billion deal. Image Credit: Intel
Image:

Intel to buy Tower Semiconductor in $5.4 billion deal. Image Credit: Intel

The announcement came the day AMD surpassed Intel for the first time in terms of market cap

Intel announced on Tuesday that it is buying Israeli semiconductor firm Tower Semiconductor for $5.4 billion (about £4 billion), boosting a strategy to produce more chips for other companies. Th...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Intel splits in two, signs deal with Microsoft

Chips and Components

'We want to be the foundry for the world'

clock 22 February 2024 • 7 min read
IT Essentials: The gravity of reality

Strategy

Is this week's wobble the start of an AI crash?

clock 05 February 2024 • 2 min read
Intel unveils major AI leap in upcoming CPUs

Chips and Components

Panther Lake processors to debut in 2025

clock 30 January 2024 • 3 min read
Most read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Mergers and Acquisitions

Cisco-Splunk deal: Europe sets March deadline for antitrust decision

Cisco-Splunk deal: Europe sets March deadline for antitrust decision

The regulator is currently scrutinising whether the acquisition might negatively impact competition

clock 12 February 2024 • 3 min read
HPE to buy Juniper Networks for $14bn

HPE to buy Juniper Networks for $14bn

Juniper's stock jumped 22% on the news

Gina Narcisi
clock 09 January 2024 • 2 min read
SonicWall snaps up zero-trust firm Banyan

SonicWall snaps up zero-trust firm Banyan

Second acquisition for SonicWall in two months

Kyle Alspach
clock 03 January 2024 • 1 min read