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35.4 billion yuan! Gaota semiconductor's shareholders' meeting approved its acquisition by Intel

In order to revive its semiconductor leadership, Intel has invested tens of billions of dollars to build its own wafer factory. On the other hand, it is also expanding its wafer foundry business. In February, it announced that it would spend $5.4 billion (35.4 billion yuan) to acquire Israel's Tower semiconductor. Now the latter's shareholders have approved it.

It is reported that tower semiconductor announced that the special meeting of shareholders of the company had approved the agreement to sell the company to Intel, and both parties need to obtain all necessary regulatory approvals before the transaction is completed.

Until the transaction is completed, Intel OEM service division (IFS) and tower semiconductor will operate independently.

During this period, Intel OEM service division (IFS) will continue to be led by thakur, and tower semiconductor will continue to be led by Ellwanger.

After the transaction, Intel aims to make the two organizations a fully integrated OEM business. At that time, Intel will share more details about the integration plan.

It is reported that gaota Semiconductor Co., Ltd. is a professional semiconductor foundry in Israel, headquartered in migdale emmec, Israel.

At present, the company only maintains one 6-inch Wafer Factory (process between 1 micron and 0.35 micron) and one 8-inch Wafer Factory (process between 0.18 micron and 0.13 micron) in Israel, and has one 8-inch wafer factory in California and Texas respectively to provide process services of 0.18 micron (Texas factory) and 0.18 to 0.13 micron (California factory)

Tower semiconductor ranks seventh in the global wafer foundry market, with an annual revenue of about US $1.3 billion. Although it is small, it is in a leading position in special processes and ranks first in the field of analog chip foundry. Its RF and high-performance analog circuit technologies can support high-speed and low-power products for many consumer, industrial facility and automotive electronic applications.