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Intel Corp agreed to amass Tower Semiconductor Ltd for about US$5.4 billion, a part of chief govt officer Pat Gelsinger’s push into the outsourced chip-manufacturing enterprise.Intel can pay US$53 per share in money for Tower, in line with an announcement Tuesday. The provide represents a 60 per cent premium to Tower’s closing share value in US buying and selling on Monday. The businesses’ boards have permitted the transaction, which they anticipate will shut in about 12 months.Shares of Tower rose 42 per cent in…
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