this post was submitted on 16 Aug 2023
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Other sources:
https://apnews.com/article/intel-tower-semiconductors-china-regulators-104796a6602e8eef533f07c6af0f7d6b
https://www.reuters.com/technology/intel-walk-away-54-bln-acquisition-tower-semiconductor-sources-2023-08-16/
I'm not sure as the why as I don't see a Tower Semiconductor foundry in China
https://en.m.wikipedia.org/wiki/List_of_semiconductor_fabrication_plants
Edit: They have an office in China
https://www.nytimes.com/2023/08/16/business/intel-tower-semiconductor-china.html
Also
https://towersemi.com/about/history/
So what I'm getting from this is that any time Chinese officials are involved, they will prioritize Chinese interests. A surprise to to no one really.