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Intel Corporation cancelled the acquisition of Tower Semiconductor Ltd. (NasdaqGS : TSEM) from The Phoenix Holdings Ltd., Harel Insurance Investments & Financial Services Ltd, Senvest Management, LLC, Wellington Management Group LLP and others.
Intel Corporation (NASDAQ:INTC) has lost more than half of its value.
Mr Moore started working on semiconductors in the 1950s and co-founded the Intel Corporation.
Source: https://www.bbc.co.uk/news/world-us-canada-65073812?at_medium=RSS&at_campaign=KARANGA
Not to mention, the risk to the story is that Intel Corporation fails to get these new server CPU chips to market on time and the company falls further behind AMD.
Source: https://seekingalpha.com/article/4591319-intel-market-share-donor?source=feed_all_articles