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Battle Of Chips: Intel In Talks To Buy GlobalFoundries For $30 billion As CEO Pat Gelsinger Renews Focus On Chip Manufacturing


by Swarajya Staff - Jul 16, 2021 05:35 AM
Intel Arizona
Snapshot
Chip manufacturing behemoth Intel said to be is in talks to buy semiconductor manufacturer GlobalFoundries Inc for about $30 billion.
GlobalFoundries(GF), formed in 2009 when AMD decided to go fabless and spun off a separate entity, is the world’s fourth-largest foundry
Intel s new CEO Pat Gelsinger has made it clear in his IDM 2.0 strategy that while Intel will continue to use other fabs to make its chips, it will also try to revive Intel Foundry Services (IFS) - that is, offer foundry to fabless companies or even other IDMs which do not have as sophisticated fabs as Intel has, to make chips. ....

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