{"id":25285,"date":"2021-07-17T04:45:36","date_gmt":"2021-07-17T04:45:36","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/intel-rumored-to-be-in-talks-to-buy-chip-manufacturer-globalfoundries-for-30b.html"},"modified":"2021-07-17T04:45:36","modified_gmt":"2021-07-17T04:45:36","slug":"intel-rumored-to-be-in-talks-to-buy-chip-manufacturer-globalfoundries-for-30b","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/intel-rumored-to-be-in-talks-to-buy-chip-manufacturer-globalfoundries-for-30b.html","title":{"rendered":"Intel rumored to be in talks to buy chip manufacturer GlobalFoundries for $30B"},"content":{"rendered":"

When it comes to MA in the chip world, the numbers are never small. In 2020, four deals involving chip companies<\/a> totaled $106 billion, led by Nvidia snagging ARM for $40 billion<\/a>. One surprise from last year\u2019s chip-laced MA frenzy was Intel<\/a> remaining on the sidelines. That would change if a rumored $30 billion deal to buy chip manufacturing concern GlobalFoundries<\/a> comes to fruition.<\/p>\n

The rumor was first reported by The Wall Street Journal<\/a> yesterday.<\/p>\n

Patrick Moorhead, founder and principal analyst at Moor Insight Strategies, who watches the chip industry closely, says that snagging GlobalFoundries would certainly make sense for Intel. The company is currently pursuing a new strategy to manufacture and sell chips for both Intel and to others under CEO Pat Gelsinger, who came on board in January<\/a> to turn around the flagging chip maker.<\/p>\n

\n

2021 will be a calmer year for semiconductors and chips (except for Intel)<\/a><\/p>\n<\/blockquote>\n

\n

\u201cGlobalFoundries has technologies and processes that are specialized for 5G RF, IoT and automotive. Intel with GlobalFoundries would become what I call a \u2018full-stack provider\u2019 that could offer a customer everything. This is in full alignment with IDM 2.0<\/a> (Intel\u2019s chip manufacturing strategy) and would get Intel there years before it could without GlobalFoundries,\u201d Moorhead told TechCrunch.<\/p>\n

It would also give Intel a chip manufacturing facility at a time when there are global chip shortages and huge demand for product from every corner, due in part to the pandemic and the impact it has had on the global supply chain. Intel has already indicated it has plans to spend more than $20 billion<\/a> to build two fabs (chip manufacturing plants) in Arizona. Adding GlobalFoundries to these plans would give them a broad set of manufacturing capabilities in the coming years if it came to pass, but would also involve a significant investment of tens of billions of dollars to get there.<\/p>\n

GlobalFoundries is a worldwide chip manufacturing concern based in the U.S. The company was spun off from Intel\u2019s rival chip maker AMD in 2012, and is currently owned by Mubadala Investment Company<\/a>, the investment arm of the government of Abu Dhabi.<\/p>\n

Investors seem to like the idea of combining these two companies, with Intel stock up 1.59% as of publication. It\u2019s important to note that this deal is still in the rumor stage and nothing is definitive or final yet. We will let you know if that changes.<\/p>\n

\n

Pat Gelsinger stepping down as VMware CEO to replace Bob Swan at Intel<\/a><\/p>\n<\/blockquote>\n

\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/fkhHXrClVbI\/<\/p>","protected":false},"excerpt":{"rendered":"

When it comes to MA in the chip world, the numbers are never small. In 2020, four deals involving chip companies totaled $106 billion, led by Nvidia snagging ARM for <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-25285","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t