Intel Said to Be Nearing $6 Billion Deal to Buy Tower Semiconductor
Intel is close to buying Israeli firm Tower Semiconductor for about $6 billion (roughly Rs. 45,275 crore), a source familiar with the matter said, as the US company looks to advance its strategy of contract manufacturing chips for other businesses.A deal could be unveiled as soon as this week, the person said on Monday, declining to be named as the matter was private.The potential purchase would deepen Intel's presence in a space dominated by Taiwan-based TSMC, the world's largest contract chipmaker. It also comes at time…