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acquisitionAnnounced · Feb 16, 2026SemiconductorsSource · CredibleArticle · Factual
Intel acquires Tower Semiconductor
David Najork · Founding Software Engineer
Announced · Updated · 1 min read
Deal value
$300M
Target
Tower Semiconductor
NASDAQ: TSEM · Migdal Ha`Emeq, Northern District
Acquirer
Intel
Merger
Status
Pending
Intel agreed to acquire Tower Semiconductor. Reported deal value: $300M. Status: Pending. Sector: Semiconductors. Target headquarters context: Migdal Ha`Emeq, Northern District, Israel.
This page summarizes publicly available information about the transaction as of 2026-02-16. Figures and status may change as filings and press coverage update.
Intel backs away from manufacturing deal with Tower Semiconductor Dennis Dahlgren Tower Semiconductor has disclosed that Intel does not intend to proceed with a previously signed agreement to manufacture 300mm wafers for Tower customers at Intel facility in New Mexico
Deal timeline
Announced
Feb 16, 2026 · evertiq.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Semiconductors with a reported deal value of $300M. Figures and status may change as sources update.
Sources: evertiq.com · Primary article · FireStrike proprietary index