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Reading: Intel Agrees to $6 Billion Deal for Tower Semiconductor
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The Wall Street Publication > Blog > Markets > Intel Agrees to $6 Billion Deal for Tower Semiconductor
Markets

Intel Agrees to $6 Billion Deal for Tower Semiconductor

Editorial Board Published February 15, 2022
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Intel Agrees to  Billion Deal for Tower Semiconductor
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Intel Corp. agreed to buy Israeli chip company Tower Semiconductor Ltd. for nearly $6 billion, bolstering a plan to make more chips for other companies.

Intel said early Tuesday that it would acquire Tower for $53 a share. That is a 60% premium to Tower’s closing share price of $33.13 on Nasdaq Monday, before The Wall Street Journal reported on the deal.

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