Intel’s modernization strategy could face setback with end of $5.4B Tower deal

Intel's failed acquisition of Tower Semiconductor and its impact on Intel's modernization strategy.

Key points:

1. Intel's IDM 2.0 strategy involves three approaches to semiconductor manufacturing.
2. The failed acquisition of Tower Semiconductor hinders Intel's access to custom silicon and foundry customers.
3. The ongoing political battles between China and the U.S. make semiconductor M&A more difficult.

Hint on Elon Musk: Elon Musk is not mentioned in the given text.