{"id":2001943,"date":"2023-08-15T23:21:01","date_gmt":"2023-08-16T03:21:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/intel-to-walk-away-from-5-4-billion-acquisition-of-tower-semiconductor-sources\/"},"modified":"2023-08-15T23:22:47","modified_gmt":"2023-08-16T03:22:47","slug":"intel-to-walk-away-from-5-4-billion-acquisition-of-tower-semiconductor-sources","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/intel-to-walk-away-from-5-4-billion-acquisition-of-tower-semiconductor-sources\/","title":{"rendered":"Intel will abandon its $5.4 billion acquisition of Tower Semiconductor, according to sources."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fintel-to-walk-away-from-5-4-billion-acquisition-of-tower-semiconductor-sources%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2001943&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>By Anirban Sen<\/p>\n<p><strong>Intel Corp<\/strong> will walk away from \u2064its $5.4 billion deal to acquire Israeli contract chipmaker \u2062 <strong>Tower Semiconductor Ltd<\/strong> once the \u200bcompanies&#8217; contract expires later on Tuesday, according to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fda-chief-shoots-down-wapos-latest-anti-trump-report-as-fake-news\/\" title=\"FDA Chief Shoots Down WaPo\u2019s Latest Anti-Trump Report as Fake News\">people familiar<\/a> with the matter.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Intel, which signed the deal\u200d to buy\u200d Tower in February\u200d 2022, did not secure approval from Chinese\u200d regulators \u2064for the acquisition as \u200brequired under its contract \u2062with Tower, the sources\u200d said.<\/p>\n<p>It does not plan to negotiate an extension \u2063of the contract, and will instead pay\u200b Tower a\u200c $353 million break-up\u200c fee to walk away, the sources added.<\/p>\n<p>Intel and Tower \u200ddeclined to comment.<\/p>\n<\/p>\n<p>  (Reporting by Anirban Sen in New York; Additional reporting by Max Cherney in San Francisco)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/intel-to-walk-away\/attachment\/file-photo-illustration-shows-tower-semiconductor-and-intel-logos\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Trump promises an Irrefutable Report, while Brian Kemp\u2064 says Georgia&#8217;s \u200dElection are\u2062 secure.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The 45th president \u2064has been indicted for the 4th time this\u200b year, as \u200banticipated. Trump denies any wrongdoing in Georgia and has teased a forthcoming report that he claims will lead to new charges being dropped and \u200cresult in his &#8216;complete exoneration.&#8217;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>The death toll in Maui rises to at least \u200b99 \u2062with hundreds still missing. The fatalities are expected to increase.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Officials in \u2062Fulton County, GA say the &#8220;fictitious&#8221; indictment that appeared\u200b on the \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/georgia-jail-where-trump-could-be-booked-is-under-investigation\/\" title=\"Investigation underway at Georgia jail where Trump may be booked.\">county clerks website<\/a>,  \u200bhours earlier \u200dwas \u200ba &#8216;sample \u200bworking document&#8217;.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Sheila Dang \u200b(Reuters) \u2013 Social media company X, formerly \u200dknown as Twitter, delayed access to links \u200cto content on the Reuters\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Felix Onuah ABUJA (Reuters) \u2013 \u2064Google plans to train 20,000 Nigerian women and youth\u200d in digital skills and provide a\u200d grant\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Patrick Wingrove \u2062(Reuters)\u2063 \u2013 Amazon.com said on Tuesday its online pharmacy will <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/intel-to-walk-away-from-5-4-billion-acquisition-of-tower-semiconductor-sources\/\" title=\"Intel will abandon its .4 billion acquisition of Tower Semiconductor, according to sources.\">automatically apply\u2062 manufacturer-sponsored\u2064 coupons<\/a> to more\u200c than 15 insulin\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By \u2063Christopher \u2063Bing and Raphael \u2063Satter WASHINGTON (Reuters) -Republican U.S.\u2064 Representative Don Bacon late on Monday said the FBI had warned him\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Intel Corp will abandon its $5.4 billion acquisition of Tower Semiconductor Ltd once their contract expires today, sources say. The deal was signed in February 2022 but Intel failed to secure it.<\/p>\n","protected":false},"author":66,"featured_media":2001944,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2001943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2001943"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2001944"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2001943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2001943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2001943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}