: Intel set to call off $5.4 billion purchase of Tower Semiconductor: report


Intel Corp. will likely call off its proposed $5.4 billion acquisition of Tower Semiconductor Inc. after failing to win regulatory approval from China, Bloomberg News reported Tuesday night.

According to the report, the deadline for the deal is midnight Tuesday, and it is unlikely China will give its approval in the final hours.

Intel announced…

This article was originally published by Marketwatch.com. Read the original article here.

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