{"id":36124,"date":"2022-02-16T02:17:33","date_gmt":"2022-02-16T02:17:33","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=36124"},"modified":"2022-02-16T02:17:33","modified_gmt":"2022-02-16T02:17:33","slug":"intel-announces-us5-4-acquisition-of-israels-tower-semiconductor-to-take-on-tsmc-in-contract-chip-manufacturing","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=36124","title":{"rendered":"Intel announces US$5.4 acquisition of Israel\u2019s Tower Semiconductor to take on TSMC in contract chip manufacturing"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostIntel Corp agreed to acquire Tower Semiconductor Ltd for about US$5.4 billion, part of chief executive officer Pat Gelsinger\u2019s push into the outsourced chip-manufacturing business.Intel will pay US$53 per share in cash for Tower, according to a statement Tuesday. The offer represents a 60 per cent premium to Tower\u2019s closing share price in US trading on Monday. The companies\u2019 boards have approved the transaction, which they expect will close in about 12 months.Shares of Tower rose 42 per cent in\u2026<a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3167199\/intel-announces-us54-acquisition-israels-tower-semiconductor-take?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostIntel Corp agreed to acquire Tower Semiconductor Ltd for about US$5.4 billion, part of chief executive officer Pat Gelsinger\u2019s push into the outsourced chip-manufacturing&hellip; <\/p>\n","protected":false},"author":0,"featured_media":36125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/36124"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36124"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/36124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/36125"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36124"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}