Intel Acquires Tower Semiconductor for $5.4 Billion
February 15, 2022
Intel has signed a definitive agreement to acquire Tower Semiconductor for $53 per share in cash, valuing the deal at approximately $5.4 billion. The acquisition advances Intel’s IDM 2.0 strategy by combining Intel Foundry Services’ leading-edge capacity with Tower’s specialty analog technologies and customer-first foundry footprint.
- Buyers
- Intel Corporation
- Targets
- Tower Semiconductor
- Industry
- IT Services
- Location
- Israel
- Transaction Type
- Buyout
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