Intel and Tower Semiconductor could not be reached for comment. Tower Semiconductor shares were initially suspended from trading in Tel Aviv on Tuesday due to an upcoming announcement.
Chip demand exceeds supply
The demand for chips currently exceeds the supply for some components and has already led to production difficulties for many companies such as smartphone manufacturers and car companies. The Israeli provider has specialized in analog semiconductors, which are primarily required in the automotive, mobile phone and medical industries.
Intel is on an expansion course. In January, the company announced that it would invest up to $100 billion in building new factories in the US state of Ohio. The aim is to reduce dependence on Asian production sites. The Wall Street Journal first reported on the potential takeover.
Source: Nachrichten
