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Intel's foundry ambitions could be slowed by lack of deal targets | WSAU News/Talk 550 AM · 99.9 FM

By Syndicated Content
By Stephen Nellis
(Reuters) â 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 â 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. ....

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Intel's foundry ambitions could be slowed by lack of deal targets

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. ....

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Intel's foundry ambitions could be slowed by lack of deal targets

Intel's foundry ambitions could be slowed by lack of deal targets
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Stephen Nellis , Saeed Azhar , Pat Gelsinger , Stacy Rasgon , Las Vegas , Kevin Krewell , Tom Caulfield , Abu Dhabi , Dan Hutcheson , Jonathan Weber , Analog Devices Inc , Taiwan United Microelectronics Corp , Mercury Research , Mubadala Investment Co , Semiconductor Corp , China Semiconductor Manufacturing International Corp , Intel Corp , Devices Inc , Steve Marcus , Intel Corp Chief Executive Pat Gelsinger , Wall Street Journal , Advanced Micro Devices , Foundries Chief Executive Tom Caulfield , Semiconductor Manufacturing International Corp , United Microelectronics Corp , Analog Devices ,

Intel's foundry ambitions could be slowed by lack of deal targets

Intel's foundry ambitions could be slowed by lack of deal targets
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Peak PC? Pandemic Sales Boom Is Set to Expire

Peak PC? Pandemic Sales Boom Is Set to Expire
aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.

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