Intel INTC-Q and Israeli contract chip maker Tower Semiconductor’s proposed $5.4-billion deal has been mutually terminated as they were unable to get timely regulatory approvals, the companies said on Wednesday. Shares of the Israeli company fell about 9 per cent in the United States as well as Tel Aviv. Intel, which had decided to buy Tower TSEM-Q last year, will pay a termination fee of $353-million to the latter, the company said in a statement. Tower and Intel did not provide details on the regulatory approvals. Reuters reported late on Tuesday that Intel would drop the deal once their contract...