Published: August 16, 2023, 5:16 pm ET

Shares of technology companies tumbled as minutes from the Federal Reserve’s July rate-setting meeting showed most senior officials saw “elevated risks to inflation,” which could lead to further interest rate hikes.

Intel scrapped an offer of more than $5 billion to buy Israeli chip maker Tower Semiconductor after Chinese regulators failed to approve the deal, showing how US-China technology tensions are affecting some major US companies. disrupting strategic plans for

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Shares of technology companies tumbled as minutes from the Federal Reserve’s July rate-setting meeting showed most senior officials saw “elevated risks to inflation,” which could lead to further interest rate hikes.

Intel scrapped an offer of more than $5 billion to buy Israeli chip maker Tower Semiconductor after Chinese regulators failed to approve the deal, showing how US-China technology tensions are affecting some major US companies. disrupting strategic plans for

Write to Amy Pessetto at amy.pessetto@dowjones.com


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