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Intel Buys Tower Semiconductor for $5.4 Billion

This new deal is proof diversifying your business is a PROCESS! (Get it, because Intel makes processors!)
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Intel Buys Tower Semiconductor for $5.4 Billion

Intel's purchase of the Israeli semiconductor foundry is the last in a series of moves made to enhance Intel's ability to produce chips for other companies in addition to producing their own branded products. Intel hopes to join TSMC and Samsung as leading names in the advanced chips industry.

Making moves. Other recent news from the company include investments in key tech to gain market shares, as well as a new $20 billion "megafab" in Ohio that will begin producing chips in 2025. With Tower's chips primarily used for imaging, power management, and wireless communication, Intel will still need to retrofit foundries to keep pace with the current market and demands but hope to build upon Tower's specialty tech portfolio, reach, and deep customer relationships as they spread into more of this market.

Telling it like it is - This new deal is proof diversifying your business is a PROCESS! (Get it, because Intel makes processors!)

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