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

Por: WPLG Local 10 Tech August 16, 2023

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HONG KONG – A $5.4 billion acquisition of Israeli chip manufacturer by Intel has been called off after China failed to sign off on the deal amid . 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 approval from a number of... + full article



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