Tower Semiconductor approves Intel’s 35.4 billion purchase of the world’s seventh largest chip foundry

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In order to revive its leadership in semiconductors, Intel is now investing tens of billions of dollars to build its own fab, and it is also expanding its foundry business. Tower Semiconductor, now the latter’s shareholders have approved.

Tower Semiconductor has announced that a special meeting of the company’s shareholders has approved an agreement to sell the company to Intel Corp, subject to all necessary regulatory approvals before the transaction closes.

Intel Foundry Services (IFS) and Tower Semiconductor will operate independently until the transaction closes.

During this period, Intel Foundry Services (IFS) will continue to be led by Thakur and Tower Semiconductor will continue to be led by Ellwanger.

After the deal closes, Intel aims to make the two organizations a fully integrated foundry business. At that time, Intel will share more details about the integration plan.

It is reported that Gaota Semiconductor Co., Ltd. is a professional semiconductor foundry in Israel, headquartered in Migdal Aimek, Israel.

The company currently maintains only one 6-inch fab (process between 1 micron and 0.35 micron) and one 8-inch fab (process between 0.18 micron and 0.13 micron) in Israel. There is an 8-inch fab, which provides process services of 0.18 micron (Texas fab) and 0.18 to 0.13 micron (California fab)

Gaota Semiconductor ranks seventh in the global wafer foundry market, with an annual revenue of about US$1.3 billion. Although it is not large in scale, it is in a leading position in special technology and ranks first in the field of analog chip foundry. Its radio frequency and High-performance analog circuit domain technologies enable high-speed, low-power products for many consumer, industrial facility, and automotive electronics applications.

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