Intel Scraps Tower Deal, Tencent Falls After Earnings
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 16 August 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
Bloomberg's Ed Ludlow and Caroline Hyde discuss the implications of Intel and Tower Semiconductor scrapping their $5.4 billion deal. Plus, they recap Tencent's earnings and what is says about China's technology sector. And, cryptocurrency company BitGo inks a $1.75 billion valuation after raising $100 million in its Series C funding round.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:24.0 | That's Bloomberg Live.com slash sustainable Biz Singapore. |
| 0:28.0 | From the heart of where innovation, money and power collide in Silicon Valley and beyond, |
| 0:36.0 | this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Ed Luddlo. I'm Caroline Hyde at Bloomberg's world headquarters in New York. |
| 0:57.0 | And I'm Ed Ludlow in San Francisco. |
| 1:00.0 | This is Bloomberg Technology. |
| 1:01.0 | Coming up, Intel, well it scraps that $5 billion deal |
| 1:05.1 | for Israeli semiconductor firm Tower |
| 1:07.2 | after failing to win approval in China. |
| 1:08.8 | We'll break down the implications. |
| 1:11.4 | Plus China Tech firms report earnings with 10 cent missing revenue estimates amid an |
| 1:16.4 | uncertain economy. |
| 1:17.4 | We'll break down the results and look at why JD.com is bucking the slowdown. |
| 1:22.0 | Speaking of slowdown, some buckingham. |
| 1:24.0 | Cryptosidian BitGo defies the broader industry pullback |
| 1:27.0 | to raise $100 million in securing a $1.75 billion valuation. |
| 1:31.0 | CEO Mike Velsh, she's going to be joining us later to discuss how and why they did it. |
| 1:36.0 | The top story though is clear. It is Intel walking away abandoning a deal to buy Tower Semi for 5.4 billion dollars. The concern is the timeline |
| 1:46.8 | and the regulatory hurdle of China that they were not able to get approved, Caro, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

