JERUSALEM (Reuters) -- Intel is buying Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, giving it access to more specialized production and making it better positioned to take advantage of soaring demand for semiconductors.
Semiconductors
Intel to buy Israel's Tower Semiconductor for $5.4bn
Deal gives U.S. giant a stronger foothold in specialty chips
Tower specializes in analog chips used in cars, medical sensors, power management and other applications. © Reuters
Read Next
Latest on Semiconductors
