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Intel s foundry ambitions could be slowed by lack of deal targets Reuters 18 hrs ago By Stephen Nellis © Reuters/Steve Marcus FILE PHOTO: FILE PHOTO: An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas By Stephen Nellis (Reuters) - For Intel Corp Chief Executive Pat Gelsinger, an obvious strategy in his high-stakes bid to make the company a player in producing chips for others would be a transformational acquisition, analysts say. But there is just one problem - a dearth of acquisition targets for Intel to buy. The conundrum came into focus last week when the Wall Street Journal reported that Intel was considering a purchase of chipmaker GlobalFoundries for $30 billion. Intel reports earnings Thursday, and despite a booming PC market, analysts expect a 9.8% drop in sales to $17.8 billion as Intel loses share to rivals like Advanced Micro Devices Inc.

Stephen nellisSaeed azharPat gelsingerStacy rasgonLas vegasKevin krewellTom caulfieldAbu dhabiDan hutchesonJonathan weberAnalog devices incTaiwan united microelectronics corpMercury researchMubadala investment coSemiconductor corpChina semiconductor manufacturing international corp