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A $5.4 billion international chip deal with Intel is off after greenlight from China never arrives

Por: ABC News Business August 16, 2023

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HONG KONG -- A $5.4 billion acquisition of Israeli chip manufacturer by has been called off after failed to sign off on the deal amid rising tensions with the United States. It was a mutual decision between Intel and Tower Semiconductor, the companies said Wednesday. Intel said that the deal was terminated “due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement.”The deal required... + full article



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