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
AMD announces 288 GB Instinct MI325X GPU in challenge to Nvidia

Chips and Components

Will enable servers to handle a one-trillion-parameter AI model in its entirety

clock 03 June 2024 • 4 min read
500 AI models optimised for Core Ultra processors, says Intel

Chips and Components

The models can be used across the Core Ultra range of CPUs, GPUs and NPUs

clock 02 May 2024 • 2 min read
Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Finance and Reporting

Microsoft and Google see AI investments bearing fruit

clock 26 April 2024 • 4 min 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

SAP to acquire AI startup WalkMe for $1.5bn

SAP to acquire AI startup WalkMe for $1.5bn

Will help customers get 'the maximum value out of their IT investments' says CEO Klein

Mark Haranas
clock 06 June 2024 • 2 min read
Google eyes HubSpot acquisition to challenge Microsoft

Google eyes HubSpot acquisition to challenge Microsoft

Microsoft's Dynamics products dominate the modern CRM sector

clock 28 May 2024 • 2 min read
MariaDB shareholders approve private equity takeover

MariaDB shareholders approve private equity takeover

Majority of shareholders have chosen to support the K1 bid

Vikki Davies
clock 22 May 2024 • 1 min read