Text size Intel now expects to increase its annual revenue to grow 10% to 12% by 2025. Patrick T. Fallon/Bloomberg Intel CEO Pat Gelsinger said Thursday that the chip maker can be the stock market’s “...
Tag: TSEM
Intel Pays Up for Foundry Expertise
For anyone doubting Intel Corp.’s ambitions to make chips for others, the company’s acquisition of Tower Semiconductor should lay their doubts to rest. The deal reported by The Wall Street Journal lat...
Intel Agrees to Buy Tower Semiconductor in $5.4 Billion Deal
Text size Justin Sullivan/Getty Images Intel Corp . agreed to buy Israeli company Tower Semiconductor for $5.4 billion as it looks to expand its manufacturing capacity and technology portfolio amid ri...
Intel reaches $5.4 billion deal to buy Tower Semiconductor
Intel Corp. on Tuesday struck a $5.4 billion deal to buy Tower Semiconductor, as it seeks to bolster its manufacturing capabilities. Intel INTC, -0.10% said it’s paying $53 per share in cash for Tower...
TSEM Stock Rockets On Reported Intel Buyout
Tower Semiconductor (TSEM) shares rocketed late Monday after a news report said Intel (INTC) is nearing a deal to buy the Israel-based chip foundry. TSEM stock jumped nearly 50% on the news. X After t...
Intel Is Still Struggling. Here’s Another Way to Play Chips.
Text size Intel stock was downgraded by Morgan Stanley. Courtesy Intel Corporation Shares of Intel and GlobalFoundries went in opposite directions Thursday after analysts at Morgan Stanley downgraded ...