Intel Corp (MIL:1INTC)

€ 22.695 -0.855 (-3.63%) Market Cap: 97.75 Bil Enterprise Value: 122.28 Bil PE Ratio: 0 PB Ratio: 1.08 GF Score: 68/100

Intel Corp to Acquire Tower Semiconductor Ltd Call Transcript

Feb 15, 2022 / 01:30PM GMT

Release Date Price: €42.47 (+0.86%)

Transcript

Operator

Hello. Thank you for standing by, and welcome to the Intel Tower Business Update Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions) I would now like to hand the conference over to your speaker today. Tony Balow, Vice President of Investor Relations at Intel. Please go ahead.

Tony Balow

Intel Corporation - Senior Director of IR

Thank you, operator. Good morning and afternoon, everyone. Welcome to the conference call to discuss the announcement we made earlier today of Intel's proposed acquisition of Tower Semiconductor.

A replay of today's audio cast will be available later today by visiting Intel's investor website, intc.com and Tower's investor website, towersemi.com. Joining me today are Pat Gelsinger, CEO of Intel; Dr. Randhir Thakur, Senior Vice President and President of Intel Foundry Services; and Russell Ellwanger, CEO of Tower Semiconductor. Each will present remarks on the strategic merits of the transaction and how this acquisition fits into the long-term plan that Intel

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