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
- HBM4 PHY IP
- Ultra-Low-Power LPDDR3/LPDDR2/DDR3L Combo Subsystem
- MIPI D-PHY and FPD-Link (LVDS) Combinational Transmitter for TSMC 22nm ULP
- HBM4 Controller IP
- IPSEC AES-256-GCM (Standalone IPsec)
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
- Formal verification best practices to reach your targets
- How AI Is Enabling Digital Design Retargeting to Maximize Productivity
Latest Blogs
- ReRAM in Automotive SoCs: When Every Nanosecond Counts
- AndeSentry – Andes’ Security Platform
- Formally verifying AVX2 rejection sampling for ML-KEM
- Integrating PQC into StrongSwan: ML-KEM integration for IPsec/IKEv2
- Breaking the Bandwidth Barrier: Enabling Celestial AI’s Photonic Fabric™ with Custom ESD IP on TSMC’s 5nm Platform