Indian firms cold to Tower Semiconductor’s offer to set up chipmaking JV
In 2022, US chip giant Intel, which had signed a deal to buy out Tower for $5.4 billion, decided to cancel it and pay a $353 million termination fee
In 2022, US chip giant Intel, which had signed a deal to buy out Tower for $5.4 billion, decided to cancel it and pay a $353 million termination fee