Following the news that Intel will acquire Tower Semiconductor:

David Bicknell, Principal Analyst in the Thematic Research Team at GlobalData, a leading data and analytics company, offers his view:

“Intel’s proposed acquisition of Tower Semiconductor will bolster its production of trailing edge chips, something that is vital for many companies, particularly automakers. Tower Semiconductor will be a useful addition to Intel’s portfolio, without the tension and regulatory scrutiny that might have been involved had Intel bought a reluctant GlobalFoundries. However, this acquisition will have no impact on global chip shortages.”

Dr Lil Read, Analyst in the Thematic Research Team at GlobalData, offers her view:

“The announcement comes just days before Intel’s investor meeting, but it is unlikely to be the main topic of conversation at that event. Instead, investors will be eager to hear what Intel has to say about the metaverse, a topic on which it has been relatively quiet until now, and get an update on its self-driving company Mobileye, which go public in 2022.”