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World News@lemmy.ml · 3 years ago

China crushes US giant Intel’s acquisition of Israeli Tower Semiconductor

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China crushes US giant Intel’s acquisition of Israeli Tower Semiconductor

🇵🇸 Free Palestine 🇵🇸@lemmy.ml to

World News@lemmy.ml · 3 years ago

6

China crushes US giant Intel’s acquisition of Tower Semiconductor

Intel has cancelled its plans to buy Israeli foundry Tower Semiconductor after the deal failed to get approval from Chinese regulators ahead of a final deadline amid souring Sino-US relations.

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Trudge [Comrade]@lemmygrad.ml
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3 years ago
Good on Chinese regulators for shutting it down. Someone has to be the adult in the room and say no to all the rampant M&A happening worldwide.

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