Intel buys Tower - Best way to become foundry is to buy one
-Intel jumpstarts foundry model with Tower semi buy @$54B Gets complementary tech to round out offerings
-Approval based on satisfying China’s needs as well
-Margin concerns overblown- Will it be allowed to flourish?
Intel pays up to get foundry and technology….
Intel announced a $5.4B acquisition of Tower Semiconductor in Israel. This amounts to $53 per share for a company whose last trade was $33 per share or a whopping 60% premium.
Intel is getting a very well run company that has been a foundry for a long time as well as technology that it currently does not offer that will add to a broader foundry offering other than just bulk CMOS.
In addition the company gets more China business as well as military business both of which are needed to support Intel’s strategic direction. In essence this deal covers multiple birds with one stone which likely accounts for the premium.
To read the full article, click here
Related Semiconductor IP
- JESD204E Controller IP
- eUSB2V2.0 Controller + PHY IP
- I/O Library with LVDS in SkyWater 90nm
- 50G PON LDPC Encoder/Decoder
- UALink Controller
Related Blogs
- Intel and Cadence Partner to Build Out the Foundry Ecosystem in America
- Ambient IoT: 5 Ways Packetcraft's Software is Optimized to Enable the New Class of Connectivity
- How AI Is Enabling Digital Design Retargeting to Maximize Productivity
- A Fast and Seamless Way to Burst to the Cloud for Peak EDA Workloads
Latest Blogs
- A Low-Leakage Digital Foundation for SkyWater 90nm SoCs: Introducing Certus’ Standard Cell Library
- FPGAs vs. eFPGAs: Understanding the Key Differences
- UCIe D2D Adapter Explained: Architecture, Flit Mapping, Reliability, and Protocol Multiplexing
- RT-Europa: The Foundation for RISC-V Automotive Real-Time Computing
- Arm Flexible Access broadens its scope to help more companies build silicon faster