Intel in talks to buy GlobalFoundries for US$30 billion as it looks to expand advanced chip manufacturing, report says

//Intel in talks to buy GlobalFoundries for US$30 billion as it looks to expand advanced chip manufacturing, report says

Intel in talks to buy GlobalFoundries for US$30 billion as it looks to expand advanced chip manufacturing, report says

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.Talks come as a semiconductor shortage is hobbling industries around the globe. A deal could help Intel ramp up production of chips at a…

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By | 2021-07-16T03:00:29+00:00 July 16th, 2021|Technology|Comments Off on Intel in talks to buy GlobalFoundries for US$30 billion as it looks to expand advanced chip manufacturing, report says