China crushes US giant Intel’s acquisition of Tower Semiconductor
www.scmp.com
Intel has cancelled its plans to buy Israeli foundry Tower Semiconductor after the deal failed to get approval from Chinese regulators ahead of a final deadline amid souring Sino-US relations.
  • Trudge [Comrade]
    71·
    1 year ago

    Good on Chinese regulators for shutting it down. Someone has to be the adult in the room and say no to all the rampant M&A happening worldwide.

    • Bipta@kbin.social
      83·
      1 year ago

      I really doubt China did this for any reason besides their own national security.