Intel bought Tower Semiconductor for $5.4 billion dollars
The company is expanding its chip-making business to different locations and ventures. Last year, it created the Intel Foundry Service. It’s also building new factories in Arizona and in Ohio. With that, we know that the company is looking for many avenues to further expand. Recently, Intel announced that it had acquired an Israeli company called Tower Semiconductor. This is a company that makes parts like CMOS sensors, RF chips, and power management parts. Intel bought Tower Semiconductor in order to augment its Intel Foundry Services production.
What is the Intel Foundry Service?
Intel is known for making its first-party chips for computers and other devices. We associate the company with its Core CPUs that are in most Windows computers today. However, things aren’t going too well for the company. This is why it developed the Intel foundry service. Competition is ramping up in the chip manufacturing world. Other companies are starting to leapfrog Intel, leaving the company in the dust. Developing the Intel foundry service is a way of developing chips for a wider market. The company can’t only thrive on selling the same chips. With Tower semiconductor, until might be able to provide CMOS sensors or other forms of chips to clients. This might be a good move on Intel’s part because every company needs to vary its products. Intel is continuing to expand to help reverse the hardships that are going through right now. It’s currently losing its market share, because of the competition. Hopefully, this will help turn the tides.
