The Latest Breaking News from Tower

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Which came first, the Japanese barbie or the egg?

The global foundry industry witnessed a substantial rise in demand in the third quarter of 2023, according to TrendForce. The Top 10 foundries collectively saw their revenue soar to about $28.29 billion, marking a 7.9% increase compared to the previous quarter. Taiwan Semiconductor Manufacturing Co. (TSMC) maintained its No. 1…

Intel stock has underperformed the equity markets over the last two decades, and currently lags far behind AI-fueled rivals like Nvidia. Here's why INTC remains a mega-cap tech stock to skip right now.

Microsoft confirmed a Surface event and revamped its Xbox community guidelines this week. We also saw a report that OpenAI is marking toward bankruptcy. Here are the details on those stories and more in our weekly news roundup.

Despite the best efforts of CEO Pat Gelsinger, Intel was not able to secure regulatory approval for its $5.4 billion purchase of Tower Semiconductor. The deal has now been terminated by both sides.

Intel will not pursue acquisition of Tower Semiconductor following delay of Chinese review.

Intel is terminating a $5.4 billion agreement to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid deteriorating US-China relations

Intel agreed to purchase Tower Semiconductor for $5.4 billion, but the deal has had to be pushed back twice. Today is the current deadline for the purchase, but it is unclear what will happen.