TOWER SEMICONDUCTOR

Intel to Acquire Tower Semiconductor for $5.4 Billion

Retrieved on: 
Tuesday, February 15, 2022
Data Management, Technology, Semiconductor, Security, Telecommunications, Software, Networks, Internet, Mobile, Wireless, Hardware, Electronic Design Automation, IDM, Slate, Shekel, Credit, EDA, History, IST, BCD, U.S. Securities and Exchange Commission, STMicroelectronics, Securities Act of 1933, IDMS, RF, Technology, RF CMOS, Tower Semiconductor, Yigal Arnon & Co., INTC, BiCMOS, Acquisition, Private Securities Litigation Reform Act, COVID-19, Latham & Watkins, LLC, LLP, FBC, Form 6-K, SEC, Mission College, MEMS, EPS, Research, ICS, Industry, NASDAQ, Silicon-germanium, CMOS, TASE, Risk, Nasdaq, Name, Communication, Corporation, Investor relations, Organization, Form, Time, PST, Semiconductor, Solution, Security (finance), IP, Annual report, Securities Exchange Act of 1934, Skadden, IFS, Goldman Sachs, Failure, Growth, Multimedia, Intelligence, Mobile phone, Renewable energy, Video game, Intel, Thakur, Intel, Tower Semiconductor, INTEL, TOWER SEMICONDUCTOR

Intel Corporation (Nasdaq: INTC) and Tower Semiconductor (Nasdaq: TSEM), a leading foundry for analog semiconductor solutions, today announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion.

Key Points: 
  • Intel Corporation (Nasdaq: INTC) and Tower Semiconductor (Nasdaq: TSEM), a leading foundry for analog semiconductor solutions, today announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion.
  • View the full release here: https://www.businesswire.com/news/home/20220214005921/en/
    Intel and Tower Semiconductor on Feb. 15, 2022, announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion.
  • Dr. Randhir Thakur, president of Intel Foundry Services, said: We are thrilled to welcome the Tower team to Intel.
  • Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries.

AIStorm’s AI-in-Imager Solutions Use Tower Semiconductor’s Hi-K VIA Capacitor Memory To Enable High-Density Imager, Always-On Processing

Retrieved on: 
Thursday, May 6, 2021
Technology, Hardware, Semiconductor, Electronic engineering, Computer engineering, Computing, Application-specific integrated circuits, Electronic design, Hardware acceleration, Digital electronics, OpenCL compute devices, Graphics processing unit, Tower Semiconductor, AIStorm, TOWER SEMICONDUCTOR, AISTORM

This saves on the silicon real estate, multiple die packaging costs, and power required by competing digital systems\xe2\x80\x94and eliminates the need for input digitization.

Key Points: 
  • This saves on the silicon real estate, multiple die packaging costs, and power required by competing digital systems\xe2\x80\x94and eliminates the need for input digitization.
  • Instead of periodically taking a picture and interfacing with an external AI processor through complex digitization, transport and memory schemes, AIStorm\xe2\x80\x99s pixel matrix is itself the processor & memory.
  • Additionally, whether GPU-based or PIM-based, significant silicon area is associated with memory storage, hence their high cost.\nAIStorm\xe2\x80\x99s solution is different.
  • AIStorm is headquartered in Houston, Texas, with offices in Graz, Austria; Budapest, Hungary; Chardon, Ohio; Nashua, New Hampshire; Toronto, Canada; and Hsinchu, Taiwan.