Intel considering takeover of major chipmaker for R434 billion

Hanno Labuschagne

Journalist
Staff member
Joined
Sep 2, 2019
Messages
2,491
Intel considering takeover of major chipmaker for R434 billion

For Intel Corp., a takeover of GlobalFoundries Inc., would jump-start efforts to revitalize faltering manufacturing capabilities - though it would also invite a clash with an Abu Dhabi owner reluctant to fully part with one of its most promising investments.

Intel has studied the feasibility of buying U.S.-based GlobalFoundries, people familiar with the matter said, asking not to be identified because deliberations are private.

But no formal takeover approach has been made to GlobalFoundries owner Mubadala Investment Co., the Abu Dhabi wealth fund, and the two sides are not engaged in active talks, the people said.

[Bloomberg]
 
Top