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The holdup is due to China’s State Administration for Market Regulation (SAMR) not approving the deal.
Amazon and Qualcomm were among the first companies to use Intel Foundry Services.
The acquisition of Tower going through would help Intel greatly in those efforts.
China blocking Intel?
Intel would still lag behind TSMC, Samsung, as well as some foundry services based in China.
There are massive companies in the semiconductor space that can all compete in a healthy way.
I agree that is likely the case.
