Intel to acquire Tower for $5.4 billion to accelerate semiconductor manufacturing
Intel announced that information technology will acquire Tower for $5.4 billion. Tower is a foundry for analog semiconductors that's based in Israel. Intel views Tower as a complementary slice since the 2 companies specialize in different technologies within the semiconductor industry.
The motion to acquire Tower lines up with Intel'south new IDM 2.0 strategy, which centers around making processors for other companies. Intel has also announced plans for two scrap factories in New Albany, Ohio, and a $twenty billion flake factory in Arizona. In addition to helping Intel's portfolio, expanded fleck production should assistance combat the ongoing global chip shortage.
"Tower'south specialty applied science portfolio, geographic reach, deep customer relationships and services-first operations will assist scale Intel'southward foundry services and advance our goal of becoming a major provider of foundry capacity globally," said Intel CEO Pat Gelsinger. "This bargain will enable Intel to offer a compelling latitude of leading-border nodes and differentiated specialty technologies on mature nodes – unlocking new opportunities for existing and future customers in an era of unprecedented demand for semiconductors."
Tower specializes in radio frequency, power, silicon-germanium, and industrial sensors. The company also has several blueprint automation partnerships, which should help expand Intel'due south ability to manufacture semiconductors.
"Tower has built an incredible range of specialty analog foundry solutions based upon deep customer partnerships, with worldwide manufacturing capabilities," said Tower CEO Russell Ellwanger. "Together with Intel, we will drive new and meaningful growth opportunities and offer fifty-fifty greater value to our customers through a full suite of engineering solutions and nodes and a greatly expanded global manufacturing footprint."
Intel volition purchase Tower's shares for $53 each. It'southward anticipated that the deal will take virtually 12 months to conclude. During that time, Belfry volition continue to run independently.
Updated February 2022
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Source: https://www.windowscentral.com/intel-acquire-tower-54-billion-accelerate-semiconductor-manufacturing
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