Schlagwort: Tower Semiconductor

Intel to Acquire Tower Semiconductor for $5.4 Billion

Verfasst vonpipin

Acqui­si­ti­on acce­le­ra­tes Intel’s glo­bal, end-to-end foundry business.

NEWS HIGHLIGHTS

  • Tran­sac­tion crea­tes a glo­bal­ly diver­se end-to-end foundry to help meet gro­wing semi­con­duc­tor demand and brings more value to cus­to­mers across the near­ly $100 bil­li­on addressa­ble foundry market. 
  • Acqui­si­ti­on acce­le­ra­tes Intel’s path to beco­ming a major pro­vi­der of foundry ser­vices and capa­ci­ty glo­bal­ly, now offe­ring one of the industry’s broa­dest port­fo­li­os of dif­fe­ren­tia­ted technology. 
  • High­ly com­ple­men­ta­ry tran­sac­tion brings tog­e­ther Intel’s lea­ding-edge nodes and sca­le manu­fac­tu­ring with Tower Semiconductor’s spe­cial­ty tech­no­lo­gies and cus­to­mer-first approach to deli­ver lea­ding tech­no­lo­gy and manu­fac­tu­ring capa­bi­li­ties and enhan­ced value to cus­to­mers globally.
  • Tran­sac­tion is expec­ted to be imme­dia­te­ly accre­ti­ve to Intel’s non-GAAP EPS.
  • Intel and Tower Semi­con­duc­tor manage­ment will host a con­fe­rence call for inves­tors, media and indus­try ana­lysts at 5:30 a.m. PST today (3:30 p.m. Isra­el Stan­dard Time) to pro­vi­de fur­ther details on the transaction. 

SANTA CLARA, Calif., and MIGDAL HAEMEK, Isra­el, Feb. 15, 2022 – Intel Cor­po­ra­ti­on (Nasdaq: INTC) and Tower Semi­con­duc­tor (Nasdaq: TSEM), a lea­ding foundry for ana­log semi­con­duc­tor solu­ti­ons, today announ­ced a defi­ni­ti­ve agree­ment under which Intel will acqui­re Tower for $53 per share in cash, repre­sen­ting a total enter­pri­se value of appro­xi­m­ate­ly $5.4 bil­li­on. The acqui­si­ti­on signi­fi­cant­ly advan­ces Intel’s IDM 2.0 stra­tegy as the com­pa­ny fur­ther expands its manu­fac­tu­ring capa­ci­ty, glo­bal foot­print and tech­no­lo­gy port­fo­lio to address unpre­ce­den­ted indus­try demand. (…) Wei­ter­le­sen »