Insider information confirming the intel tower deal is DOA China will not approve implications extend to Intels ability to continue IFS, formal details to follow
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Tower is a distraction. IFS would mean a complete change to Intel's business model. Trying to change your entire culture and process at the same time as acquiring Tower isn't a good M&A strategy.
Once the AI chips get restricted from PRC, they will soften up on Tower. Until then it is a painfully long chess game.
Be patient. Almost there.
When are the formal details coming? Friday is end of Q2.
How much lower will INTC$ stock go once formal announcement hits the press? $20? $15?
@tvj
That should please the Chinese.
I wouldn't be shocked if Intel sells part of their manufacturing to tower.
The 289th mail in IFS’s coffin lid