National Semiconductor
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NSM
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NATIONAL SEMICONDUCTOR CORPORATION
Intel says it will buy Tower Semiconductor for $5.4 billion
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.