The development underscores how tensions between the U.S. and China over issues including trade, intellectual property and the future of Taiwan are spilling over into corporate deal making
and Israeli contract chip maker Tower Semiconductor’s proposed $5.4-billion deal has been mutually terminated as they were unable to get timely regulatory approvals, the companies said on Wednesday.Intel, which had decided to buy Tower
The development underscores how tensions between the United States and China over issues including trade, intellectual property and the future of Taiwan are spilling over into corporate deal making, especially when it comes to technology companies. But Gelsinger also said Intel was investing in its foundry business, which makes chips for other companies, irrespective of the Tower deal.