Intel nears $6 billion deal to buy Tower Semiconductor
The Hindu
The potential purchase would deepen Intel's presence in a space dominated by Taiwan-based TSMC, the world's largest contract chipmaker.
Intel Corp is close to buying Israeli firm Tower Semiconductor for about $6 billion, a source familiar with the matter said, as the U.S. company looks to advance its strategy of contract manufacturing chips for other businesses.
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A deal could be unveiled as soon as this week, the person said on Monday, declining to be named as the matter was private.
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