Acqui\u00adsi\u00adti\u00adon acce\u00adle\u00adra\u00adtes Intel\u2019s glo\u00adbal, end-to-end foundry business.<\/p>\n
NEWS<\/span> HIGHLIGHTS<\/span><\/strong><\/p>\n SANTA<\/span> CLARA<\/span>, Calif., and MIGDAL<\/span> HAEMEK<\/span>, Isra\u00adel, Feb. 15, 2022 \u2013 Intel Cor\u00adpo\u00adra\u00adti\u00adon (Nasdaq: INTC<\/span>) and Tower Semi\u00adcon\u00adduc\u00adtor (Nasdaq: TSEM<\/span>), a lea\u00adding foundry for ana\u00adlog semi\u00adcon\u00adduc\u00adtor solu\u00adti\u00adons, today announ\u00adced a defi\u00adni\u00adti\u00adve agree\u00adment under which Intel will acqui\u00adre Tower for $53 per share in cash, repre\u00adsen\u00adting a total enter\u00adpri\u00adse value of appro\u00adxi\u00adm\u00adate\u00adly $5.4 bil\u00adli\u00adon. The acqui\u00adsi\u00adti\u00adon signi\u00adfi\u00adcant\u00adly advan\u00adces Intel\u2019s IDM<\/span> 2.0 stra\u00adtegy as the com\u00adpa\u00adny fur\u00adther expands its manu\u00adfac\u00adtu\u00adring capa\u00adci\u00adty, glo\u00adbal foot\u00adprint and tech\u00adno\u00adlo\u00adgy port\u00adfo\u00adlio to address unpre\u00adce\u00adden\u00adted indus\u00adtry demand.<\/p>\n \u201c<\/span>Tower\u2019s spe\u00adcial\u00adty tech\u00adno\u00adlo\u00adgy port\u00adfo\u00adlio, geo\u00adgra\u00adphic reach, deep cus\u00adto\u00admer rela\u00adti\u00adonships and ser\u00advices-first ope\u00adra\u00adti\u00adons will help sca\u00adle Intel\u2019s foundry ser\u00advices and advan\u00adce our goal of beco\u00adming a major pro\u00advi\u00adder of foundry capa\u00adci\u00adty glo\u00adbal\u00adly,\u201d said Pat Gel\u00adsin\u00adger, Intel CEO<\/span>. \u201cThis deal will enable Intel to offer a com\u00adpel\u00adling breadth of lea\u00adding-edge nodes and dif\u00adfe\u00adren\u00adtia\u00adted spe\u00adcial\u00adty tech\u00adno\u00adlo\u00adgies on matu\u00adre nodes \u2013 unlo\u00adcking new oppor\u00adtu\u00adni\u00adties for exis\u00adting and future cus\u00adto\u00admers in an era of unpre\u00adce\u00adden\u00adted demand for semiconductors.\u201d<\/p>\n As a key part of its IDM<\/span> 2.0 stra\u00adtegy, Intel estab\u00adlished Intel Foundry Ser\u00advices<\/a> (IFS<\/span>) in March 2021 to help meet the gro\u00adwing glo\u00adbal demand for semi\u00adcon\u00adduc\u00adtor manu\u00adfac\u00adtu\u00adring capa\u00adci\u00adty and to beco\u00adme a major pro\u00advi\u00adder of U.S.- and Euro\u00adpe-based foundry capa\u00adci\u00adty to ser\u00adve cus\u00adto\u00admers glo\u00adbal\u00adly. IFS<\/span> curr\u00adent\u00adly offers lea\u00adding-edge pro\u00adcess and pack\u00ada\u00adging tech\u00adno\u00adlo\u00adgy, com\u00admit\u00adted capa\u00adci\u00adty in the U.S. and Euro\u00adpe and other geo\u00adgra\u00adphies in the future, and a broad intellec\u00adtu\u00adal pro\u00adper\u00adty (IP<\/span>) portfolio. <\/p>\n Tower\u2019s exper\u00adti\u00adse in spe\u00adcial\u00adty tech\u00adno\u00adlo\u00adgies, such as radio fre\u00adquen\u00adcy (RF<\/span>), power, sili\u00adcon-ger\u00adma\u00adni\u00adum (SiGe) and indus\u00adtri\u00adal sen\u00adsors, exten\u00adsi\u00adve IP<\/span> and elec\u00adtro\u00adnic design auto\u00adma\u00adti\u00adon (EDA<\/span>) part\u00adner\u00adships, and estab\u00adlished foundry foot\u00adprint will pro\u00advi\u00adde broad covera\u00adge to both Intel and Tower\u2019s cus\u00adto\u00admers glo\u00adbal\u00adly. Tower ser\u00adves high-growth mar\u00adkets such as mobi\u00adle, auto\u00admo\u00adti\u00adve and power. Tower ope\u00adra\u00adtes a geo\u00adgra\u00adphi\u00adcal\u00adly com\u00adple\u00admen\u00adta\u00adry foundry pre\u00adsence with faci\u00adli\u00adties in the U.S. and Asia ser\u00adving fab\u00adless com\u00adpa\u00adnies as well as IDMs and offers more than 2 mil\u00adli\u00adon wafer starts per year of capa\u00adci\u00adty \u2013 inclu\u00adding growth oppor\u00adtu\u00adni\u00adties in Texas, Isra\u00adel, Ita\u00adly and Japan. Tower also brings a foundry-first cus\u00adto\u00admer approach with an indus\u00adtry-lea\u00adding cus\u00adto\u00admer sup\u00adport por\u00adtal and IP<\/span> store\u00adfront, as well as design ser\u00advices and capabilities. <\/p>\n \u201c<\/span>With a rich histo\u00adry, Tower has built an incre\u00addi\u00adble ran\u00adge of spe\u00adcial\u00adty ana\u00adlog foundry solu\u00adti\u00adons based upon deep cus\u00adto\u00admer part\u00adner\u00adships, with world\u00adwi\u00adde manu\u00adfac\u00adtu\u00adring capa\u00adbi\u00adli\u00adties. I could not be prou\u00adder of the com\u00adpa\u00adny and of our talen\u00adted and dedi\u00adca\u00adted employees,\u201d said Rus\u00adsell Ell\u00adwan\u00adger, Tower CEO<\/span>. \u201cTog\u00ade\u00adther with Intel, we will dri\u00adve new and meaningful growth oppor\u00adtu\u00adni\u00adties and offer even grea\u00adter value to our cus\u00adto\u00admers through a full suite of tech\u00adno\u00adlo\u00adgy solu\u00adti\u00adons and nodes and a great\u00adly expan\u00added glo\u00adbal manu\u00adfac\u00adtu\u00adring foot\u00adprint. We look for\u00adward to being an inte\u00adgral part of Intel\u2019s foundry offering.\u201d <\/p>\n Dr. Rand\u00adhir Tha\u00adkur, pre\u00adsi\u00addent of Intel Foundry Ser\u00advices, said: \u201cWe are thril\u00adled to wel\u00adco\u00adme the Tower team to Intel. Their deca\u00addes of foundry expe\u00adri\u00adence, deep cus\u00adto\u00admer rela\u00adti\u00adonships and tech\u00adno\u00adlo\u00adgy offe\u00adrings will acce\u00adle\u00adra\u00adte the growth of Intel Foundry Ser\u00advices. We are buil\u00adding Intel Foundry Ser\u00advices to be a cus\u00adto\u00admer-first tech\u00adno\u00adlo\u00adgy inno\u00adva\u00adtor with the broa\u00addest ran\u00adge of IP<\/span>, ser\u00advices and capa\u00adci\u00adty. Tower and IFS<\/span> tog\u00ade\u00adther will pro\u00advi\u00adde a broad port\u00adfo\u00adlio of foundry solu\u00adti\u00adons at glo\u00adbal sca\u00adle to enable our cus\u00adto\u00admers\u2019 ambitions.\u201d<\/p>\n Intel is the only lea\u00adding-edge play\u00ader with both rese\u00adarch and deve\u00adlo\u00adp\u00adment and manu\u00adfac\u00adtu\u00adring in the U.S., inclu\u00adding recent\u00adly announ\u00adced capa\u00adci\u00adty expan\u00adsi\u00adons in Ari\u00adzo\u00adna and New Mexi\u00adco, as well as plans to build a new mega-site in Ohio. Tower\u2019s tech\u00adno\u00adlo\u00adgy and manu\u00adfac\u00adtu\u00adring foot\u00adprint is high\u00adly com\u00adple\u00admen\u00adta\u00adry to Intel\u2019s IFS<\/span> capa\u00adbi\u00adli\u00adties in lea\u00adding-edge pro\u00adces\u00adses, allo\u00adwing the com\u00adbi\u00adned com\u00adpa\u00adny to pro\u00advi\u00adde broa\u00adder offe\u00adrings to cus\u00adto\u00admers at sca\u00adle. With the addi\u00adti\u00adon of Tower, Intel is stron\u00adgly posi\u00adtio\u00adned to bring more value to cus\u00adto\u00admers across the near\u00adly $100 bil\u00adli\u00adon addressa\u00adble foundry market.<\/p>\n Tran\u00adsac\u00adtion Details and Timing<\/strong><\/p>\n The tran\u00adsac\u00adtion is expec\u00adted to be imme\u00addia\u00adte\u00adly accre\u00adti\u00adve to Intel\u2019s non-GAAP EPS<\/span>. Intel intends to fund the acqui\u00adsi\u00adti\u00adon with cash from the balan\u00adce sheet.<\/p>\n The tran\u00adsac\u00adtion is expec\u00adted to clo\u00adse in appro\u00adxi\u00adm\u00adate\u00adly 12 months. It has been unani\u00admously appro\u00adved by Intel\u2019s and Tower\u2019s boards of direc\u00adtors and is sub\u00adject to cer\u00adtain regu\u00adla\u00adto\u00adry appr\u00adovals and cus\u00adto\u00adma\u00adry clo\u00adsing con\u00addi\u00adti\u00adons, inclu\u00adding the appr\u00adoval of Tower\u2019s stockholders.<\/p>\n IFS<\/span> and Tower Semi\u00adcon\u00adduc\u00adtor will run inde\u00adpendent\u00adly until deal clo\u00adsure; IFS<\/span> will con\u00adti\u00adnue to be led by Tha\u00adkur, and Tower will con\u00adti\u00adnue to be led by Ell\u00adwan\u00adger during this time. Upon the clo\u00adse of the tran\u00adsac\u00adtion, Intel\u2019s intent is for the two orga\u00adniza\u00adti\u00adons to beco\u00adme a ful\u00adly inte\u00adgra\u00adted foundry busi\u00adness. The com\u00adpa\u00adny will share more details on inte\u00adgra\u00adti\u00adon plans at that time. <\/p>\n Gold\u00adman Sachs &<\/span> Co. LLC<\/span> ser\u00adved as finan\u00adcial advi\u00adsor to Intel; and Skad\u00adden, Arps, Sla\u00adte, Meag\u00adher &<\/span> Flom LLP<\/span> and Yigal Arnon &<\/span> Co. ser\u00adved as legal advi\u00adsors. J.P. Mor\u00adgan Secu\u00adri\u00adties LLC<\/span> ser\u00adved as finan\u00adcial advi\u00adsor to Tower; and Lat\u00adham &<\/span> Wat\u00adkins, LLP<\/span> and FISCHER<\/span> (FBC<\/span> &<\/span> Co.) ser\u00adved as legal advisors.<\/p>\n Tran\u00adsac\u00adtion Dis\u00adcus\u00adsion Audiocast<\/strong><\/p>\n Intel and Tower manage\u00adment will host a con\u00adfe\u00adrence call for inves\u00adtors, media and indus\u00adtry ana\u00adlysts at 5:30 a.m. PST<\/span> (3:30 p.m. IST<\/span>) today to dis\u00adcuss the tran\u00adsac\u00adtion and Intel\u2019s foundry stra\u00adtegy. Plea\u00adse visit http:\/\/www.directeventreg.com\/registration\/event\/4070988<\/a> to regis\u00adter for the con\u00adfe\u00adrence call. The con\u00adfe\u00adrence call can also be acces\u00adsed in the United Sta\u00adtes at 1\u2013888-869\u20111189 and out\u00adside the United Sta\u00adtes at 1\u2013706-643\u20115902. A replay will be available on Intel\u2019s Inves\u00adtor Rela\u00adti\u00adons web\u00adsite, INTC<\/span>.com<\/a>. <\/p>\n Tower Semi\u00adcon\u00adduc\u00adtor Fourth Quar\u00adter and Fis\u00adcal Year 2021 Ear\u00adnings Release Update<\/strong><\/p>\n Tower will issue its fourth-quar\u00adter and fis\u00adcal year 2021 finan\u00adcials on Feb. 17, 2022. In light of the announ\u00adced tran\u00adsac\u00adtion, Tower will not pro\u00advi\u00adde gui\u00addance for the first-quar\u00adter 2022 and will not host an ear\u00adnings con\u00adfe\u00adrence call.<\/p>\n About Tower Semiconductor<\/strong> <\/p>\n Acqui\u00adsi\u00adti\u00adon acce\u00adle\u00adra\u00adtes Intel\u2019s glo\u00adbal, end-to-end foundry business.<\/p>\n NEWS<\/span> HIGHLIGHTS<\/span><\/strong><\/p>\n SANTA<\/span> CLARA<\/span>, Calif., and MIGDAL<\/span> HAEMEK<\/span>, Isra\u00adel, Feb. 15, 2022 \u2013 Intel Cor\u00adpo\u00adra\u00adti\u00adon (Nasdaq: INTC<\/span>) and Tower Semi\u00adcon\u00adduc\u00adtor (Nasdaq: TSEM<\/span>), a lea\u00adding foundry for ana\u00adlog semi\u00adcon\u00adduc\u00adtor solu\u00adti\u00adons, today announ\u00adced a defi\u00adni\u00adti\u00adve agree\u00adment under which Intel will acqui\u00adre Tower for $53 per share in cash, repre\u00adsen\u00adting a total enter\u00adpri\u00adse value of appro\u00adxi\u00adm\u00adate\u00adly $5.4 bil\u00adli\u00adon. The acqui\u00adsi\u00adti\u00adon signi\u00adfi\u00adcant\u00adly advan\u00adces Intel\u2019s IDM<\/span> 2.0 stra\u00adtegy as the com\u00adpa\u00adny fur\u00adther expands its manu\u00adfac\u00adtu\u00adring capa\u00adci\u00adty, glo\u00adbal foot\u00adprint and tech\u00adno\u00adlo\u00adgy port\u00adfo\u00adlio to address unpre\u00adce\u00adden\u00adted indus\u00adtry demand. (\u2026) Wei\u00adter\u00adle\u00adsen \u00bb<\/a><\/p>\n","protected":false},"author":593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[1004,2684],"class_list":["post-64602","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-intel","tag-tower-semiconductor","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/64602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/593"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=64602"}],"version-history":[{"count":2,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/64602\/revisions"}],"predecessor-version":[{"id":64606,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/64602\/revisions\/64606"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=64602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=64602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=64602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\nTower Semi\u00adcon\u00adduc\u00adtor Ltd. (Nasdaq: TSEM<\/span>, TASE<\/span>: TSEM<\/span>), the lea\u00adding foundry of high-value ana\u00adlog semi\u00adcon\u00adduc\u00adtor solu\u00adti\u00adons, pro\u00advi\u00addes tech\u00adno\u00adlo\u00adgy and manu\u00adfac\u00adtu\u00adring plat\u00adforms for inte\u00adgra\u00adted cir\u00adcuits (ICs) in gro\u00adwing mar\u00adkets such as con\u00adsu\u00admer, indus\u00adtri\u00adal, auto\u00admo\u00adti\u00adve, mobi\u00adle, infra\u00adstruc\u00adtu\u00adre, medi\u00adcal, and aero\u00adspace and defen\u00adse. Tower Semi\u00adcon\u00adduc\u00adtor focu\u00adses on crea\u00adting posi\u00adti\u00adve and sus\u00adtainable impact on the world through long-term part\u00adner\u00adships and its advan\u00adced and inno\u00adva\u00adti\u00adve ana\u00adlog tech\u00adno\u00adlo\u00adgy offe\u00adring, com\u00adpri\u00adsed of a broad ran\u00adge of cus\u00adto\u00admizable pro\u00adcess plat\u00adforms such as SiGe, BiC\u00adMOS, mixed-signal\/C\u00adMOS, RF<\/span> CMOS<\/span>, CMOS<\/span> image sen\u00adsor, non-ima\u00adging sen\u00adsors, inte\u00adgra\u00adted power manage\u00adment (BCD<\/span> and 700V<\/span>), and MEMS<\/span>. Tower Semi\u00adcon\u00adduc\u00adtor also pro\u00advi\u00addes world-class design ena\u00adblem\u00adent for a quick and accu\u00adra\u00adte design cycle as well as pro\u00adcess trans\u00adfer ser\u00advices inclu\u00adding deve\u00adlo\u00adp\u00adment, trans\u00adfer, and opti\u00admiza\u00adti\u00adon, to IDMs and fab\u00adless com\u00adpa\u00adnies. To pro\u00advi\u00adde mul\u00adti-fab sourcing and exten\u00added capa\u00adci\u00adty for its cus\u00adto\u00admers, Tower Semi\u00adcon\u00adduc\u00adtor owns two manu\u00adfac\u00adtu\u00adring faci\u00adli\u00adties in Isra\u00adel (150mm and 200mm), two in the U.S. (200mm), three faci\u00adli\u00adties in Japan (two 200mm and one 300mm) which it owns through its 51% hol\u00addings in TPS\u00adCo and is sha\u00adring a 300mm manu\u00adfac\u00adtu\u00adring faci\u00adli\u00adty being estab\u00adlished in Ita\u00adly with ST<\/span> Microelec\u00adtro\u00adnics. For infor\u00adma\u00adti\u00adon, plea\u00adse visit: www.towersemi.com<\/a>.<\/p>\nForward-Looking Statements<\/strong><\/h4>\n
This document contains certain forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995, Section 27A<\/span> of the Securities Act of 1933, as amended, and Section 21E<\/span> of the Securities Exchange Act of 1934, as amended, related to the proposed transaction between Intel and Tower Semiconductor, including statements regarding the benefits and the timing of the transaction as well as statements regarding the companies\u2019 products and markets. Words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201clikely,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cproject,\u201d \u201cpredict,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwould\u201d and \u201cwill\u201d and variations of such words and similar expressions are intended to identify such forward-looking statements. Such statements are based on management\u2019s expectations as of the date they were first made and involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Such risks and uncertainties include, among others, the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the companies\u2019 businesses and the price of their securities; uncertainties as to the timing of the consummation of the transaction and the potential failure to satisfy the conditions to the consummation of the transaction, including the receipt of certain governmental and regulatory approvals; the potential for regulatory authorities to require divestitures, behavioral remedies or other concessions in order to obtain their approval of the proposed transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the effect of the announcement or pendency of the transaction on Intel\u2019s business relationships, operating results, and business generally; delays, disruptions or increased costs in the integration of Tower Semiconductor\u2019s technology into existing or new products; the potential that Tower Semiconductor shareholders may not approve the transaction; expected benefits, including financial benefits, of the transaction may not be realized; integration of the acquisition post-closing may not occur as anticipated, and the combined companies\u2019 ability to achieve the growth prospects and synergies expected from the transaction, as well as delays, challenges and expenses associated with integrating the combined companies\u2019 existing businesses may incur; litigation related to the transaction or otherwise; unanticipated restructuring costs may be incurred or undisclosed liabilities assumed; attempts to retain key personnel and customers may not succeed; risks related to diverting management\u2019s attention from Intel\u2019s ongoing business operations; exposure to inflation, currency rate and interest rate fluctuations and risks associated with doing business locally and internationally, as well as fluctuations in the market price of Intel and Tower Semiconductor\u2019s traded securities; the impact of the COVID-19<\/span> pandemic on Intel and Tower Semiconductor\u2019s business and general economic conditions; demands in Tower Semiconductor\u2019s customer end markets and for Tower Semiconductor\u2019s foundry services and\/or products that exceed Tower Semiconductor\u2019s capacity; ongoing or potential litigations or disputes, incidental to the conduct of Tower Semiconductor\u2019s ongoing business, with customers, suppliers, landlords, or other third parties; the business combination or the combined company\u2019s products may not be supported by third parties; actions by competitors may negatively impact results; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transaction; potential negative changes in general economic conditions in the regions or the industries in which Intel and Tower Semiconductor operate; potential failure to meet the conditions set in the approval certificates received from the Israeli Investment Center under which Tower Semiconductor received a significant amount of grants in past years; exposure to inflation, currency rates (mainly the Israeli Shekel and Japanese Yen); and other risks detailed in Intel\u2019s and Tower Semiconductor\u2019s filings with the Securities and Exchange Commission (the \u201cSEC<\/span>\u201d) including those discussed in Intel\u2019s most recent Annual Report on Form 10\u2011K and in any subsequent periodic reports on Form 10\u2011Q and Form 8\u2011K and Tower Semiconductor\u2019s most recent Annual Report on Form 20\u2011F and in any subsequent reports on Form 6\u2011K, each of which is on file with or furnished to the SEC<\/span> and available at the SEC<\/span>\u2019s website at www.sec.gov. SEC<\/span> filings for Intel are also available on Intel\u2019s Investor Relations website at www.intc.com, and SEC<\/span> filings for Tower Semiconductor are available in the Investor Relations section of Tower Semiconductor\u2019s website at ir.towersemi.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Unless otherwise required by applicable law, Intel and Tower Semiconductor undertake no obligation and do not intend to update these forward-looking statements, whether as a result of new information, future events or otherwise.<\/h4>\n
Additional Information and Where to Find It<\/strong><\/h4>\n
This communication is being made in respect of the proposed transaction. Tower Semiconductor intends to furnish to the SEC<\/span> and mail or otherwise provide to its shareholders a proxy statement in connection with the proposed transaction with Intel (the \u201cproxy statement\u201d), and each party will file or furnish other documents regarding the proposed transaction with the SEC<\/span>. The proxy statement will be sent or given to the shareholders of Tower Semiconductor and will contain important information about the proposed transaction and related matters. This communication is not a substitute for the proxy statement or any other document that may be filed or furnished by Tower Semiconductor with the SEC<\/span>. Investors and security holders are urged to read the proxy statement in its entirety and other relevant documents filed with or furnished to the SEC<\/span> in connection with the proposed transaction or incorporated by reference therein when they become available before making any voting or investment decision with respect to the proposed transaction because they will contain important information about the proposed transaction and the parties to the proposed transaction.<\/h4>\n
You may obtain copies of all documents filed with or furnished to the SEC<\/span> regarding this transaction, free of charge, at the SEC<\/span>\u2019s website (www.sec.gov). In addition, investors and shareholders will be able to obtain free copies of the proxy statement and other documents filed with or furnished to the SEC<\/span> by Intel on Intel\u2019s Investor Relations website (www.intc.com) or by writing to Intel, Investor Relations, 2200 Mission College Blvd., Santa Clara, CA<\/span> 95054 (for documents filed with the SEC<\/span> by Intel), or by Tower Semiconductor on Tower Semiconductor\u2019s Investor Relations website (ir.towersemi.com) or by writing to Tower Semiconductor, Corporate Secretary, 20 Shaul Amor Street, Ramat Gavriel Industrial Park, P.O. Box 619, Migdal Haemek 2310502, Israel (for documents filed with or furnished to the SEC<\/span> by Tower Semiconductor).<\/h4>\n","protected":false},"excerpt":{"rendered":"
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