Intel is reportedly close to purchasing Tower Semiconductor for $6 billion
says the manufacturing processes it uses aren't cutting edge, but the chips it makes don't need the latest technologies anyway. Tower only needs to reliably and regularly generate large volumes of chips. to be in talks to purchase the much larger chip manufacturer and AMD spinoff GlobalFoundries for around $30 billion. It didn't push through, however, and GlobalFoundries chose to pursue an initial public offering instead.
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Any way you slice it, Northeast Ohio was woefully unprepared to bid for Intel deal: Brent LarkinCooperation like what helped the Columbus area land the Intel chip factories is often viewed a dirty word in Greater Cleveland. Our toxic politics, long dominated by Democrats, and the lack of corporate civic leadership has made this a place where politicians with a narrow focus often act against the best interests of the region -- and it costs us, writes Brent Larkin in his column today.
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