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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)

Intel in talks to buy GlobalFoundries for about $30 billion - WSJ - Netscape Money & Business

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.

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