Intel to Buy Tower Semiconductors for $5.4B as Chip Demand Remains High
Intelon Tuesday said it has reached an agreement toacquire Israel-based chipmaker Tower Semiconductorfor about $5.4 billion. Intel isn’t the only company making big moves in an attempt to capitalize on chip demand. Rival AMD on Monday completed its$50 billion acquisition of programmable chipmaker Xilinx. Intel acquired its own FPGA company, Altera, in 2015.