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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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[Listen] Willow Smith & Avril Lavigne joins Forces With Pop-Punk Collab | Kayla

[Listen] Willow Smith & Avril Lavigne joins Forces With Pop-Punk Collab | Kayla
channel941.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channel941.com Daily Mail and Mail on Sunday newspapers.

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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.

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Intel in talks to buy GlobalFoundries for about $30 billion

Intel in talks to buy GlobalFoundries for about $30 billion - WSJ
Reuters
4 hrs ago
© 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
(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) ....

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Finsbury Food Group PLC revenues on the rise

Finsbury Food Group PLC revenues on the rise
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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