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Intel Corp. is pondering buying one of the largest chipmakers GlobalFoundries for about $30 billion, sources familiar with the corporation's plans told The Wall Street Journal. If the chipmaker is bought, this acquisition would become the largest in Intel's history. So far, the record belongs to the Altera deal, for which Intel paid $15.4 billion in 2015.
According to the newspaper's interlocutors, the outcome of negotiations is not yet guaranteed and GlobalFoundries may hold an IPO instead of a takeover. GlobalFoundries is owned by Mubadala Investment Company, an investment fund of the United Arab Emirates (UAE) government. GlobalFoundries itself is unlikely to be involved in the talks: a spokeswoman for the company said it was not in talks with Intel.
The chip-making market is now dominated by Taiwan Semiconductor Manufacturing (TSM). Intel, which has a market value of about $225 billion, has pledged to invest more than $20 billion this year to expand chip-making capacity in the United States. The company is preparing to make additional commitments at home and abroad, notes the WSJ.
source: wsj.com
According to the newspaper's interlocutors, the outcome of negotiations is not yet guaranteed and GlobalFoundries may hold an IPO instead of a takeover. GlobalFoundries is owned by Mubadala Investment Company, an investment fund of the United Arab Emirates (UAE) government. GlobalFoundries itself is unlikely to be involved in the talks: a spokeswoman for the company said it was not in talks with Intel.
The chip-making market is now dominated by Taiwan Semiconductor Manufacturing (TSM). Intel, which has a market value of about $225 billion, has pledged to invest more than $20 billion this year to expand chip-making capacity in the United States. The company is preparing to make additional commitments at home and abroad, notes the WSJ.
source: wsj.com
