NEWPORT BEACH

Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant an edge in the business of making custom-designed chips.

Intel CEO Pat Gelsinger said on Feb. 15 that acquiring Tower will help expand Intel's newly formed "foundry" business that makes microprocessors for other firms.

NEWPORT BEACH - Bogdan Castle Maglich, a US nuclear physicist, inventor and businessman of Serbian origin, died on November 25 in Newport Beach, California, aged 89, his family announced on Monday.

Maglich died in his sleep between Friday and Saturday in his Orange County home of natural causes.

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