'Intel To Call Off $5.4B Tower Deal Without Chinese Approval; Co Expected To Call Off Transaction As Time Runs Out; Deal Would Have Put Intel In Closer Competition With TSMC' - Bloomberg News
Portfolio Pulse from Happy Mohamed
Intel Corp. is likely to cancel its $5.4 billion acquisition of Tower Semiconductor Ltd. due to lack of regulatory approval from China. The deadline for the transaction was August 15, 2023, and the companies do not expect to receive approval by then.
August 16, 2023 | 4:15 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Intel's planned acquisition of Tower Semiconductor is likely to be cancelled, which could have strategic implications for the company's competitive positioning.
The cancellation of the acquisition could potentially hinder Intel's strategic plans and put it at a competitive disadvantage, especially against competitors like TSMC. This could negatively impact Intel's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The likely cancellation of Intel's acquisition of Tower Semiconductor could impact the company's future growth and valuation.
The cancellation of the acquisition deal could impact Tower Semiconductor's future growth prospects and valuation. The company's stock could potentially decline in the short term due to this uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100