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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, @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.