Tower Semi/Intel said to consider China antitrust clock suspension; pull/refile likely
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Intel (NASDAQ:INTC) and Tower Semiconductor (NASDAQ:TSEM) are said to be reviewing potentially asking China for a clock suspension in the antitrust regulator's review of the acquisition of Tower.
The companies are considering the request as the review nears the end of the Phase III evaluation in China, according to a Dealreporter item, which cited people familiar. The parties are still most likely to pull and refile the deal with China's State Administration for Marker Regulation.

SAMR hasn't yet told the companies what its concerns with the deal are, though the regulatory has recently given a new round of questions to the Intel (INTC) and Tower Semi (TSEM), according to Dealreporter.
Intel (INTC) reiterated in Q1 earnings call in late October that it expected the the Tower (TSEM) deal to be completed in Q1. 

Intel (INTC) agreed to acquire Tower Semi (TSEM) for $53 per share in cash, representing a total enterprise value of ~$5.4B in February.