Intel Corp. is close to a deal to buy Israeli chip company Tower Semiconductor Ltd. for nearly $6 billion, according to people familiar with the matter, bolstering a plan to make more chips for other companies.

A deal could be unveiled as soon as this week, assuming the talks don’t fall apart, the people said.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Worries Grow That TikTok Is New Home for Manipulated Video and Photos

Misinformation has become a problem on the platform ahead of the midterms.…

Philadelphia police investigating if any of their own took part in deadly Capitol riots

Philadelphia police opened an investigation against one of their own detectives and…

As Concerts Prepare to Return, Roadies Have Moved On

Artists can’t wait to get back on tour, but after more than…

Comcast Weighs Pulling Some Content From Hulu

Comcast Corp.’s NBCUniversal is considering removing much of its content from Hulu…