: Intel set to call off $5.4 billion purchase of Tower Semiconductor: report


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Intel Corp. will likely call off its proposed $5.4 billion acquisition of Tower Semiconductor Inc. after failing to win regulatory approval from China, Bloomberg News reported Tuesday night.

According to the report, the deadline for the deal is midnight Tuesday, and it is unlikely China will give its approval in the final hours.

Intel announced…

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Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

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