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Intel might be purchasing Tower Semiconductor for billion, good step?!

Intel might be purchasing Tower Semiconductor for $6 billion, good step?!

It’s part of its efforts to expand its business of making chips for other companies.

Intel is possibly going to be announcing a $6 billion acquisition that will give their foundry business a very big boost, according to the Wall Street Journal. Intel is reportedly going to be securing a deal to purchase an Israeli chip company Tower Semiconductor (It’s possibly going to be announced sometime this week, This is not very much verified and there is a good possibility this isn’t going to be happening.)

Tower Semiconductor has a market value of nearly $3.6 billion, producing various types of chips for different clients across many different industries, including automakers, medical and industrial equipment makers. Their website also says that they have Exactly 7 fabrication facilities located in Israel, Italy, the United States, and Japan. They make 6 inches to 12-inch chips, The manufacturing process they use is not the most cutting edge technology, but the chips don’t need the latest technologies anyways.

Intel was previously said to be in talks to purchase the much larger chip manufacturer Called GlobalFoundries For nearly $30 billion, but they did not push through, then GlobalFoundries chose to make an IPO instead.

Intel previously launched their foundry services back in 2021 when they put in $20 billion to make two Arizona factories, explaining that they would run it as their business unit. Earlier this year, Intel also revealed their plans to make a very big semiconductor facility in Ohio While also hoping it will become the world’s largest silicon manufacturing location.

Intel might be purchasing Tower Semiconductor for billion, good step?!

Intel might be purchasing Tower Semiconductor for $6 billion, good step?!

It’s part of its efforts to expand its business of making chips for other companies.

Intel is possibly going to be announcing a $6 billion acquisition that will give their foundry business a very big boost, according to the Wall Street Journal. Intel is reportedly going to be securing a deal to purchase an Israeli chip company Tower Semiconductor (It’s possibly going to be announced sometime this week, This is not very much verified and there is a good possibility this isn’t going to be happening.)

Tower Semiconductor has a market value of nearly $3.6 billion, producing various types of chips for different clients across many different industries, including automakers, medical and industrial equipment makers. Their website also says that they have Exactly 7 fabrication facilities located in Israel, Italy, the United States, and Japan. They make 6 inches to 12-inch chips, The manufacturing process they use is not the most cutting edge technology, but the chips don’t need the latest technologies anyways.

Intel was previously said to be in talks to purchase the much larger chip manufacturer Called GlobalFoundries For nearly $30 billion, but they did not push through, then GlobalFoundries chose to make an IPO instead.

Intel previously launched their foundry services back in 2021 when they put in $20 billion to make two Arizona factories, explaining that they would run it as their business unit. Earlier this year, Intel also revealed their plans to make a very big semiconductor facility in Ohio While also hoping it will become the world’s largest silicon manufacturing location.