$5bn acquisition of Israeli chip manufacturer by Intel has been called off, China said no

<p>AP with this report on a deal between a US and Israeli firm scuttled by China. </p><ul><li>A $5.4 billion acquisition of Israeli chip manufacturer by Intel has been called off after China failed to sign off on the deal amid rising tensions with the United States.
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The deal required approval from a number of regulators worldwide, including those in China. Chinese regulators failed to approve the deal by a deadline Wednesday, even after Intel CEO Patrick Gelsinger traveled to China last month in a bid to win them over.</li></ul><p>Tense relations between the US and China are playing out in many ways, this is one of them. </p><p><a href="https://apnews.com/article/intel-tower-semiconductors-china-regulators-104796a6602e8eef533f07c6af0f7d6b" target="_blank" rel="nofollow">More info here</a></p>

This article was written by Eamonn Sheridan at www.forexlive.com.