After failed takeover, Intel and Tower Semi aren't giving up on the relationship

Intel's bid to acquire Israeli foundry operator Tower Semiconductor may have collapsed, but that doesn't mean they can't still set up shop together in the US. Under an agreement, Intel will provide Tower with access to 300mm wafer production in its New Mexico facility. Tower, meanwhile, will spent $300 million on manufacturing …

[Anonymous Coward]

You can't keep two good men down

But still, it's notable that China has the raw economic power to prevent the "official" takeover.