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posted by martyb on Tuesday July 20 2021, @09:09AM   Printer-friendly
from the Glo-with-the-Flo dept.

Intel in talks to buy GlobalFoundries for about $30 billion:

July 15 (Reuters) - Intel Corp (INTC.O) 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. (https://on.wsj.com/3yXFQLU)

Talks come as a semiconductor shortage is hobbling industries around the globe. A deal could help Intel ramp up production of chips at a time demand is at its peak and the company is looking to start producing chips for car makers that have struggled to keep operations running due to severe shortages.

Intel, one of the last companies in the semiconductor industry that both designs and manufactures its own chips, said earlier this year it would expand its advanced chip manufacturing capacity by spending as much as $20 billion to invest in factories in the U.S.


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  • (Score: 0) by Anonymous Coward on Tuesday July 20 2021, @10:04AM (6 children)

    by Anonymous Coward on Tuesday July 20 2021, @10:04AM (#1158206)

    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.

    So Intel is talking to who then? Who are the major shareholders for Global?

    TFS sucks.

  • (Score: 3, Informative) by takyon on Tuesday July 20 2021, @10:08AM

    by takyon (881) <reversethis-{gro ... s} {ta} {noykat}> on Tuesday July 20 2021, @10:08AM (#1158207) Journal

    GlobalFoundries is majority owned by Mubadala Investment Company [wikipedia.org]:

    Mubadala Investment Company PJSC (Arabic: شركة مبادلة للاستثمار‎) (Mubadala) is an Emirati state-owned holding company that can be characterized as a sovereign wealth fund. The organization is strongly connected to Mohamed bin Zayed, crown prince of Abu Dhabi.

    It was established in 2017 when then-named Mubadala Development Company (now Mamoura Diversified Global Holding) and the International Petroleum Investment Company (IPIC) merged. It is a wholly owned investment vehicle of the government of Abu Dhabi, in the United Arab Emirates. Reportedly, Mubadala Investment was formed after Khadem al-Qubaisi, ex-managing director of IPIC, was arrested over his and the company’s involvement in the 1MDB scandal [wikipedia.org].

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  • (Score: 2) by Ingar on Tuesday July 20 2021, @10:12AM

    by Ingar (801) on Tuesday July 20 2021, @10:12AM (#1158208) Homepage

    GlobalFoundries, which is owned by Abu Dhabi sovereign wealth fund Mubadala Investment Co, has a manufacturing footprint across the U.S., Europe and Asia.

  • (Score: -1, Troll) by Anonymous Coward on Tuesday July 20 2021, @11:16AM (3 children)

    by Anonymous Coward on Tuesday July 20 2021, @11:16AM (#1158219)

    Better summary: Jews bartering with Muslims about a factory.

    • (Score: 1) by khallow on Tuesday July 20 2021, @03:42PM (2 children)

      by khallow (3766) Subscriber Badge on Tuesday July 20 2021, @03:42PM (#1158290) Journal
      Because the best metric of a company's success is a wild stab at the ethnicity of some of the owners?
      • (Score: 0) by Anonymous Coward on Tuesday July 20 2021, @06:02PM (1 child)

        by Anonymous Coward on Tuesday July 20 2021, @06:02PM (#1158351)

        It has nothing to do with their success. It has to do with trustworthiness and national (this means racial, unless you're a brainwashed slave) security.

        • (Score: 1) by khallow on Tuesday July 20 2021, @09:32PM

          by khallow (3766) Subscriber Badge on Tuesday July 20 2021, @09:32PM (#1158449) Journal

          It has to do with trustworthiness and national (this means racial, unless you're a brainwashed slave) security.

          Really? Then where's the evidence to support that assertion?

          And the "unless you're a brainwashed slave" bit? Any fantasy narrative that starts with a straw man for disagreement isn't serious.