Intel to acquire Tower Semiconductor for $5.4 billion to bolster its foundry business

guest · Feb 15, 2022

February 15, 2022

In an effort to diversify its end-to-end foundry business, Intel has announced that it will acquire Israel-based semiconductor manufacturing company Tower Semiconductor for $4.5 billion in cash. Intel says the acquisition will help "meet growing semiconductor demand and brings more value to customers across the nearly $100 billion addressable foundry market."

Tower Semiconductor specializes in manufacturing analog integrated circuits used in the automotive, mobile, medical, and aerospace industries. The company currently has five fabrication facilities spread across Israel and the USA. Intel says the acquisition of Tower is a key part of its IDM 2.0 strategy, which aims to expand the company's manufacturing capacity, global footprint, and technology portfolio.
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Intel: Intel to Acquire Tower Semiconductor for $5.4 Billion

NEWS HIGHLIGHTS

Transaction creates a globally diverse end-to-end foundry to help meet growing semiconductor demand and brings more value to customers across the nearly $100 billion addressable foundry market.

Acquisition accelerates Intel’s path to becoming a major provider of foundry services and capacity globally, now offering one of the industry’s broadest portfolios of differentiated technology.

Highly complementary transaction brings together Intel’s leading-edge nodes and scale manufacturing with Tower Semiconductor’s specialty technologies and customer-first approach to deliver leading technology and manufacturing capabilities and enhanced value to customers globally.

Transaction is expected to be immediately accretive to Intel’s non-GAAP EPS.

Intel and Tower Semiconductor management will host a conference call for investors, media and industry analysts at 5:30 a.m. PST today (3:30 p.m. Israel Standard Time) to provide further details on the transaction.

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Willy2 · Feb 15, 2022

- Does Tower Semiconducters have ARM CPU producing capabilities ?

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Intel to acquire Tower Semiconductor for $5.4 billion to bolster its foundry business

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Intel to acquire Tower Semiconductor for $5.4 billion to bolster its foundry business

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