Israeli maker of chips and semiconductors will use Intel’s New Mexico manufacturing plant and invest up to $300 million to buy equipment as part of the partnership deal

Chip giant to pay $353 million to terminate acquisition after reportedly failing to receive okay from Chinese regulators as demanded by contract

Migdal Ha'emek-based company, founded in 1993, is leading maker of chips and semiconductors; purchase will be Intel's sixth acquisition of an Israeli company in recent years