Intel’s acquisition of Tower accelerates the company into becoming a major provider of foundry services and capacity globally.
Today, Intel Corporation and Tower Semiconductor, a leading foundry for analog semiconductor solutions, announced a definitive contract. Intel will obtain Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion. The acquisition dramatically advances Intel’s IDM 2.0 strategy as it further extends its manufacturing capacity, global footprint, and technology portfolio to handle exceptional industry needs. Intel launched the Intel Foundry Services (IFS) in March 2021. The purpose of the IFS is to assist the growing global demand for semiconductor manufacturing capacity and evolve into an influential provider of U.S.- and Europe-based foundry capacity to aid customers worldwide. The IFS currently delivers a leading-edge process and packaging technology, dedicated ability in the U.S. and Europe and other geographies in the future, and a broad intellectual property (IP) portfolio. Intel Arc Alchemist DG2 GPUs To Feature Support For Up To 5 Displays, Could Be For Workstation Lineup Tower serves high-growth markets such as mobile, automotive, and power. Tower’s expertise in specialty technologies, such as radio frequency (RF) power, silicon-germanium (SiGe) and industrial sensors, extensive IP and electronic design automation (EDA) partnerships, and established foundry footprint will supply expansive coverage to both Intel and Tower’s customers globally.
