Intel Corp is buying Tower Semiconductor, an Israeli company specializing in chipmaking. As reported by Reuters and the Algemeiner, the move comes at an opportune time, “when the global semiconductor shortage has hampered the production of everything from smartphones to cars.” It will also help to restore Intel’s dominance in the field at a moment when the U.S. is highly reliant on Asian chipmakers.

The acquisition will deepen Intel’s presence in a sector dominated by the Taiwan-based TSMC, the world’s largest chipmaker.

“Tower’s specialty technology portfolio (and) geographic reach . . . will help scale Intel’s foundry services and advance our goal of becoming a major provider of foundry capacity globally,” said Intel’s chief executive Pat Gelsinger.

“This deal will enable Intel to offer a compelling breadth of leading-edge nodes and differentiated specialty technologies on mature nodes—unlocking new opportunities for existing and future customers in an era of unprecedented demand for semiconductors,” he said in a statement.

Due to a long history of supporting terrorism and having waged a brutal and devastating war on its own people, the Syrian regime is subject to numerous U.S. sanctions. But that doesn’t stop American tax dollars from going to President Bashar al-Assad and his cronies, via the United Nations. David Adesnik explains:

UN agencies have spent $95.5 million over the past eight years to house their staff at the Four Seasons Damascus, including $14.2 million last year. New Yorkers know good hotel rooms don’t come cheap, but the real problem in Damascus is that the Four Seasons’ owners are the Assad regime itself and one of the war profiteers who manages the regime’s finances.

The hotel would likely go under if not for UN business; Damascus is not a tourist destination these days. The UN claims keeping its staff at the Four Seasons is about keeping them safe. Yet there has been little fighting in Damascus since 2017. A former UN diplomat with experience in the Syrian capital told me the regime tells UN agencies it can only guarantee the safety of their staff if they stay at the Four Seasons.

What makes the Four Seasons debacle especially galling is that it’s been public knowledge for seven years, and the UN has done nothing about it—or the many other ways the regime siphons off aid for its own benefit. One of the most lucrative is manipulating exchange rates. . . . One of Washington’s top experts on humanitarian aid crunched the numbers and concluded the UN lost $100 million over eighteen months to this kind of rate-fixing.

What the United States and its allies should do is make clear to the UN they will turn off the spigot if the body doesn’t get its act together.