Terms of coordination can be increased.
After announcing its intention to buy Israeli contract manufacturer Tower Semiconductor some time ago, Intel expected to close the deal in the first quarter of next year. Sources citing Dealreporter now report that Chinese regulators are not meeting their deadlines to review this transaction for violations of local antitrust laws.
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Intel and Tower Semiconductor, in turn, requested permission to increase the timing of the deal with the Chinese antimonopoly, and they put forward their additional questions to the participants in the transaction. The latter do not yet know what aspects of the upcoming deal may be of concern to Chinese officials. Intel is set to shell out $5.4 billion for the Tower’s assets, and the deal is expected to help it acquire specialists with customer experience in contract chip manufacturing, as the processor giant has to develop its core business.
