Company Of The Day: Intel

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Intel

What?

Intel (NASDAQ:INTC) is in talks to buy GlobalFoundries, a leading U.S.-based semiconductor foundry company, for as much as $30 billion, per a report from the Wall Street Journal.

Why?

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The semiconductor contract manufacturing space, which is dominated by Taiwan’s TSMC, is becoming increasingly lucrative, driven by strong semiconductor demand and limited capacity. Intel outlined a big push into making more chips for third parties and other technology companies earlier this year. A deal to buy GlobalFoundries could help to speed up these plans.

So What?

There’s no guarantee that a deal will come through as GlobalFoundaries which is owned by the investment arm of the Abu Dhabi government, has been planning for an IPO.

See Our Complete Analysis For Intel

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