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...

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