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Intel in Talks to Buy GlobalFoundries for About $30 Billion

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

upstart writes:

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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Original Submission

• Shortage of chips for cars? Shortage of chips for cars? (Score: 4, Funny) by DannyB on Tuesday July 20 2021, @03:33PM (1 child)

  by DannyB (5839) on Tuesday July 20 2021, @03:33PM (#1158284) Journal

  the company is looking to start producing chips for car makers that have struggled to keep operations running due to severe shortages.

  Perhaps some day in the future, innovative scientists could invent a way to make automobiles that don't need so many silly cone chips. Would this be possible?

  This might even make autos easier to repair.

  This would lessen lesson the shortage of chips for other important needs, such as ball point pens that talk, smart toilets, or refrigerators connected to the cloud to keep cool. Or other uses of chips . . .

  *SPOILER* (click to show) *SPOILER* (click to hide)

  
  Awful uses of tech that'll make you cringe [pocket-lint.com]

  Smart condoms

  We thought these were an April fool, especially given the name: i.Con. But no! British Condoms will apparently take nearly sixty of your British pounds for what it calls a Smart Condom.

  It’s a sensor-equipped ring that slips over the base of your condom so you can – and we can’t believe we’re writing this – record the number and frequency of your thrusts and the duration and frequency of your sessions.

  “Have you ever wondered how many calories you’re burning during intercourse?” It asks, to which our answer is a firm “no” followed by “what on Earth is wrong with you?”

  --
  To transfer files: right-click on file, pick Copy. Unplug mouse, plug mouse into other computer. Right-click, paste.

  Starting Score:	1		point
  Moderation		+2
  Interesting=1, Funny=1, Total=2
  Extra 'Funny' Modifier		0
  Karma-Bonus Modifier		+1
  Total Score:		4

• Re:Shortage of chips for cars? (Score: 0) by Anonymous Coward on Tuesday July 20 2021, @04:41PM

  by Anonymous Coward on Tuesday July 20 2021, @04:41PM (#1158313)

  maybe there's a shortage of "book-keeping" chips too? that should spiral downwards beautifully :)

  Parent