TSEM - Tower Semiconductor gains on report Intel CEO visiting China
2023-07-11 10:12:46 ET
- Tower Semiconductor ( NASDAQ: TSEM ) rose 3% amid a report that Intel ( NASDAQ: INTC ) CEO Patrick Gelsinger is in China this week as the company waits for the antitrust regulator to decide on its planned acquisition.
- Gelsinger's visit started Monday and will last until Thursday, and he's likely to meet with China's antitrust authority, the State Administration for Market Regulation, on his visit, according to a Dealreporter item on Tuesday, which cited sources familiar with the matter.
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Tower Semiconductor gains on report Intel CEO visiting China