Twitter LinkedIn
    Friday, July 1
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Mergers & Acquisitions»Intel to buy Tower Semiconductor for $5.4 billion
    Mergers & Acquisitions

    Intel to buy Tower Semiconductor for $5.4 billion

    February 15, 2022Updated:February 15, 20221 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Intel agreed to buy Tower Semiconductor for $5.4 billion, the company announced Tuesday, as it seeks to meet rampant demand for computer chips.

    The deal will give Intel a stronger foothold in specialty technologies in which Tower Semiconductor works, like radio frequency and industrial sensors. Intel also said Tower’s existing production facilities are “geographically complementary,” with a presence in the U.S. and Asia.

    Intel has been working to meet the large global demand for chips, which has caused an ongoing shortage, in part by announcing in January an up to $100 billion investment in what could become the world’s largest chip production complex in Ohio.

    Read more: CNBC

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals and transactions Mergers and acquisitions PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Carlyle hires BlackRock’s McNeely to work with biggest clients

    July 1, 2022

    Permira considers sale of Funds Platform Alter Domus

    July 1, 2022

    Riveron, an H.I.G. Capital Portfolio Company, acquires Clermont Partners

    July 1, 2022

    ARCH Venture Partners closes $2.975bn Fund XII

    July 1, 2022

    Comments are closed.

    Other Articles

    CVC Capital Completes $700M Purchase of RiverStone Europe from Fairfax and appoints Chair

    August 24, 2021

    Riverside acquires milliCare

    December 9, 2021

    MiddleGround Capital Closes on $736 Million for Its Current Fund Offerings

    May 1, 2021

    Astorg acquires Corsearch from Audax Private Equity

    April 20, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?