Tower Semiconductor, Intel Blames Chinese Regulatory Authorities Over Cessation of $5.4 Bn Agreement
Tower Semiconductor, Intel Blames Chinese Regulatory Authorities Over Cessation of $5.4 Bn Agreement
Staff
Thu, 08/17/2023 - 10:46
CEO of Intel Pat Gelsinger traveled to China recently to discuss the matter with the government officials, but it turned to be successful
After several months of heated discussions, the agreement between US based Chip giant Intel and Israel’s contract chip manufacturer Tower Semiconductor has ceased finally. According to media reports, the $5.4 billion agreement has been mutually terminated because they were constantly failing to grab regulatory approvals on time.
[original story: Circuit Digest]