Intel and Tower Semiconductor agreed to purchase the assets of the Israeli-based contract chipmaker in February. The third round is already underway, and there is still no sign of the transaction. Due to waiting for the Chinese antimonopoly authorities' decision, the approval period must be extended until the end of the second quarter.
According to Tom's Hardware, Intel's Israeli representation was forced to make a similar statement. Every effort is being made to complete the transaction with Tower Semiconductor by the end of next week, but there is still a possibility that everything will be ready before the end of the first half of the year. It's not a fact that the Chinese authorities are determined to block it.
The recent personnel appointment demonstrates that some uncertainty in the Intel management in the outcome of this transaction. Stewart Pann is a new employee of the company since 1981, although he has no experience in the profile.
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