US tech giant Intel on 16 August scrapped a $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd. after failing to secure the required regulatory approval from China.

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US tech giant Intel on 16 August scrapped a $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd. after failing to secure the required regulatory approval from China. (new.thecradle.co)

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[–] • 3 pts

Why in the shit fuck hell does china have regulatory authority over an american company buying an israeli company? Tell those fuckers to fuck straight off.

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