Redfire75369’s avatarRedfire75369’s Twitter Archive—№ 2,586

  1. Intel to Acquire Tower Semiconductor for $5.4 Billion intc.com/news-events/press-releases/detail/1527/intel-to-acquire-tower-semiconductor-for-5-4-billion
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    On twitter.com Twitter logo Redfire75369’s avatar ♻️ 1 Retweets ❤️ 6 Favorites Mood 0
    1. …in reply to @Redfire75369
      Tower's whole business is focused around SOI, mixed signals and RF. Not much in common with Intel (HPC, SiPho, Quantum), which isn't necessarily a bad thing. It's just that it doesn't particularly help Intel in any way, only to strengthen IFS.
      Permalink On twitter.com Twitter logo Redfire75369’s avatar ❤️ 3 Favorites Mood +3 🙂
      1. …in reply to @Redfire75369
        They don't have particularly high volume and financials are relatively mediocre. Interestingly, this was announced only two days before Tower's earnings. The stock has soared around 40-50% aftermarket, so you can see how the market has reacted so far.
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