![](https://i0.wp.com/shacklemedia.com/wp-content/uploads/2023/08/intel-drops-5-4-billion-deal-for-tower-semiconductor-amid-china-holdup-its-a-blow-to-chip-strategy.jpg?w=640&ssl=1)
Intel has dropped its planned $5.4 billion acquisition of Israel’s Tower Semiconductor following delays in getting Chinese approval. It’s a setback to Intel’s plans to expand its chip-manufacturing business.
Source: finance.yahoo.com
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