Big Law
Intel Acquires Tower Semiconductor For $5.4 Billion
Semiconductor fab investments are something of a trend right now, with Intel spearheading the move toward a more wafer-filled future. The company is setting up to barricade itself in as a superpower among competitors with a $5.4 billion investment to acquire Tower Semiconductor.
The deal would put Intel in a supremely defensible position, and the company says it will significantly advance its IDM 2.0 strategy.
“Tower’s specialty technology portfolio, geographic reach, deep customer relationships and services-first operations will help scale Intel’s foundry services and advance our goal of becoming a major provider of foundry capacity globally,” Intel CEO Pat Gelsinger said.
