Intel drops $5.4 billion deal to buy Israeli chipmaker in US-China spat
Intel does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away.
Tower Semiconductor is seen on smartphone in front of displayed Intel logo in this illustration taken, February 15, 2022.(photo credit: REUTERS/DADO RUVIC/ILLUSTRATION/FILE PHOTO)ByREUTERSUpdated:
