Intel Corp of Santa Clara, CA, USA has agreed to acquire specialty analog foundry Tower Semiconductor Ltd of Migdal Haemek, Israel for $53 per share in cash, representing a total enterprise value of about $5.4bn. The acquisition advances Intel’s IDM 2.0 strategy as it further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented industry demand...
Source: http://www.semiconductor-today.com/news ... 0222.shtml