Intel Corp is nearing a deal to buy Tower Semiconductor Ltd for nearly $6 billion, the Wall Street Journal reported . The deal, which the Journal reported could be announced as soon as this week, would build on Intel’s efforts to build a chip foundry business by opening its factory doors to outside companies to manufacture chips for them. But it would also launch Intel into a very different...
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Chinese Investment Giant Hillhouse Capital Seeks to Expand Outside China
Hillhouse Capital Group, the Chinese sprawling investment powerhouse that has drawn comparisons to Tiger Global Management, has a new challenge: growing outside China. The firm is best known for investments in Chinese tech giants such as Tencent, JD.com, Didi Global and TikTok owner ByteDance. But the devastation of China’s private equity and venture capital sectors, caused by...
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