Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, August 16th, and I'm your host Julie Morgan.

No deal for Intel and Tower Semiconductor.

First Solar is accused of forced labor

and Vintas Skyrockets in its NASDAQ debut.

Intel and Tower Semiconductor mutually agreed to terminate the

proposed acquisition of Tower as they were unable to get the required regulatory approvals in

a timely manner.

Intel will pay a termination fee of $353 million to Tower.

The termination of the deal was expected after the companies failed to win Chinese approval before the deadline

expired, which was the main obstacle to completing the deal. Intel CEO said Intel's

respect for Tower has only grown through this process and they'll continue to look for opportunities to work

together in the future. The company also highlighted its recent deals with synopsis and the U.S. Department of Defense, as well as a multi-generational

agreement with arm.

Vietnamese electric vehicle maker Vinfast soared Tuesday after the company closed its merger deal with Black Spade

acquisition in Asia's biggest MNA deal this year. VFS closed at $37.06 an increase of nearly 70%.

The market cap of Venfast on its debut was higher than the current valuations of

Neo-Rivian Automotive, and Lucid Group,

despite the automaker being behind competitors

and bringing EVs to production in major markets.

VINFAS disclosed that it has 26,000 electric vehicle reservations as of June 30th and 12 showrooms opened globally.

Global EV deliveries for the first half of the year were 11,300 vehicles.

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