Rejected! Intel’s Acquisition Bid Declared Failed as Antitrust Becomes China’s Counterattack Weapon

This year, the most closely watched acquisition case in the global semiconductor industry has been announced as terminated due to China’s refusal, indicating that antitrust measures might be a potent tool for China’s retaliation in the chip war. Recently, Intel announced the termination of its $5.4 billion acquisition of Tower Semiconductor, also known as TowerJazz, citing the failure to obtain approval from Chinese regulatory authorities. Tower Semiconductor, established in 1993, is an Israeli company primarily focused on the production of analog chips, CMOS, discrete devices, MEMS, and other products, with a primary emphasis on mature processes. “China Focus“ is a YouTube channel created to provide current events and pop culture headlines from you can get to know a more real China through my video. ｜ #ChineseNews #chips #ChinaFocus Thanks for your watching and subscribing.