Intel in talks to buy GlobalFoundries for about $30 billion - WSJ
07/15/2021 23:49
(Reuters) -Intel Corp is in talks to buy semiconductor manufacturer GlobalFoundries Inc for about $30 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Any deal talks don t appear to include GlobalFoundries directly, as a spokesperson for the company told the Journal it was not in discussions with Intel, according to the report. (https://on.wsj.com/3yXFQLU)
Talks come as a semiconductor shortage is hobbling industries around the globe. A deal could help Intel ramp up production of chips at a time demand is at its peak and the company is looking to start producing chips for car makers that have struggled to keep operations running due to severe shortages.
Intel Corporation (NASDAQ:INTC), Apple Inc (NASDAQ:AAPL) - Intel Said To Be Considering Buying GlobalFoundries In $30B Deal benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.