The American company Intel is close to concluding an agreement to buy Israeli chipmaker Tower Semiconductor, The Wall Street Journal (WSJ) reports, citing people familiar with the matter. The volume of the transaction, if it takes place, will amount to almost $6 billion. Officially, the deal may be announced as early as this week.
The WSJ notes that the current market value of Tower Semiconductor is about $3.6 billion, and the buyer will obviously pay a significant premium. This purchase will allow Intel to produce more chips, which is important in the face of a global shortage of these products.
Israeli Tower Semiconductor, established in 1993, produces chips used in automobiles, medical, industrial equipment, and consumer products. The company has factories in Israel itself, in the US and Japan. The company’s shares in electronic trading on the NASDAQ exchange after the appearance of information about a potential deal soared by 48%. Shares of Intel showed a slight increase of 0.38%.
Read more about the situation with chips in the publication “Kommersant” “Chips have attracted investment.”