Intel Nearing $6 Billion Deal To Buy Tower Semiconductor

In an effort to boost its manufacturing operations, Intel is nearing a deal to buy Israeli chip firm Tower Semiconductor for almost $6 billion, reports Reuters, citing a report from the Wall Street Journal. "A deal could be unveiled as soon as this week assuming the talks do not fall apart, the report said, citing people familiar with the matter." It would likely include a hefty premium, given Tower's market value of roughly $3.6 billion. Following the news, shares of Tower Semiconductor, which specializes in making analog integrated circuits, were up nearly 53% in extended trading while Intel was down 0.8%.

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[dsgrntlxmply]

Tower of Power, the power management semiconductor with soul.

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[Type44Q]

I can take about an hour on the Tower of Power, as long as I gets a little golden shower.

-Frank Zappa; Bobby Brown Goes Down

Intel supports apartheid

[yuvcifjt]

And this is the reason never to buy Intel - their support of the apartheid regime, and a terrorising state that receives almost 5 billion dollars in military aid thanks to American taxpayers! Not to mention, freedom to bomb and kill anyone anywhere they like without any repercussion.

No state, not even Russia, comes close to the level of foreign political interference of so-called democracies as does the apartheid state.