Guam Agreement between Data Systems and Software, Inc., Israel Corp., Ltd. and Tower Semiconductor Holdings 1993, Ltd.
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Intel on Wednesday terminated its acquisition of Israeli chipmaker Tower Semiconductor, saying it failed to get the required regulatory approval. The U.S. chip giant will pay a termination fee of $353 million to Tower. Intel announced plans to buy Tower in February 2022 for $5.4 billion.
Director, CEO Russell C. Ellwanger has served as our Chief Executive Officer since May 2005. Mr. Ellwanger has also served as a director since September 2016, and previously served as a director between May 2005 and April 2013.
Intel announced today (Aug. 16) it has terminated the $5.4 billion acquisition of Israeli contract chipmaker Tower Semiconductor. Under the terms of the merger agreement, Intel will pay Tower Semiconductor a reverse termination fee of $353 million.
Where is Tower Semiconductor located? Tower Semiconductor's worldwide headquarters are located in Migdal Haemek (MH), Israel.
What We Do. Tower Semiconductor, the leading foundry of high value analog semiconductor solutions, specializes in manufacturing analog integrated circuits for more than 300 customers worldwide in growing markets such as automotive, medical, industrial, consumer and aerospace and defense, among others.