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In order to counter the US chip ban, China has rejected Inte...
In order to counter the US chip ban, China has rejected Intel's request to acquire Tower Semiconductor, a semiconductor foundry in Israel, and as a result, the situation has benefited India unexpectedly. Now, India's giant Adani Group has partnered with Tower Semiconductor and invested $10 billion (approximately NT$320 billion) to build a chip factory in India, which is likely to shatter China's chip dreams.
Previously, in 2022, Intel announced a $5.4 billion (approximately NT$173 billion) acquisition of Tower Semiconductor. However, because Tower Semiconductor's revenue in China exceeded $0.1 billion, the acquisition required approval from China. However, China rejected it in retaliation against the US chip ban, causing the acquisition to fall through in August 2023. Intel had to compensate $0.353 billion (approximately NT$11.1 billion) in termination fees.
Previously, in 2022, Intel announced a $5.4 billion (approximately NT$173 billion) acquisition of Tower Semiconductor. However, because Tower Semiconductor's revenue in China exceeded $0.1 billion, the acquisition required approval from China. However, China rejected it in retaliation against the US chip ban, causing the acquisition to fall through in August 2023. Intel had to compensate $0.353 billion (approximately NT$11.1 billion) in termination fees.
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