Company Of The Day: Intel

by Trefis Team
+17.25%
Upside
54.26
Market
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Trefis
INTC
Intel
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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?

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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