Tower Semiconductor’ a leading foundry for analog semiconductor solutions, announced that Intel will acquire Tower for $53 per share representing a total enterprise value of approximately $5.4 billion.
FREMONT CA: Intel will obtain a tower semiconductor solution for $5.4 billion and $53 per share. The acquisition contributes to Intel's plans to expand its manufacturing capacity, global footprint, and technology portfolio.
Tower's specialty technology portfolio, geographic reach, deep customer relationships, and services-first operations will help Intel scale its foundry services and advance its goal of becoming a significant provider of foundry capacity globally, according to Intel CEO Pat Gelsinger. "With this transaction, Intel will be able to offer a compelling breadth of leading-edge nodes and differentiated specialty technologies on mature nodes, unlocking new opportunities for existing and future customers in an era of unprecedented semiconductor demand.
Tower Semiconductor and Juniper Networks announced the world's first open market silicon photonics platform with monolithically integrated III-V lasers. The platform monolithically integrates III-V lasers, semiconductor optical amplifiers, electro-absorption modulators, and photodetectors with silicon photonics devices. This allows for smaller, higher-channel-count optical architectures and solutions and more power-efficient optical architectures and solutions. The availability of foundries will enable a wide range of product developers to create highly integrated PICs for various markets.
Tower and Anello Photonics have partnered to create a silicon optical waveguide process technology for automotive lidar, biosensing, quantum computing, artificial intelligence, microwave photonics, and optical communications.
Tower collaborated with Quintessence, a company specializing in laser integration with silicon PICs, to develop a foundry silicon photonics platform with a quantum dot laser incorporated. To allow a complete suite of active and passive silicon photonic elements, the foundry process will build on Tower's PH18 production silicon photonics platform and include Quintessent's III-V quantum dot-based lasers and optical amplifiers. The resulting capability will show integrated optical gain in a standard silicon photonics process used in foundries.
Intel has R&D and manufacturing facilities in the United States, with recent capacity increases in Arizona and New Mexico, and plans to develop a "mega-site" in Ohio. Tower's technology and manufacturing footprint complement Intel's IFS capabilities in leading-edge processes. This enables the combined company to offer a greater range of services to consumers at a larger scale.
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