The Wall Street Journal is reporting that Intel is looking to purchase semiconductor manufacturing company GlobalFoundries for around $30 billion. The news follows another rumor about Intel potentially buying RISC-V chipmaker SiFive for $2 billion. It was recently reported that Intel would be investing $20 billion toward a chip manufacturing factory in the EU to further its manufacturing presence. With an estimated market value of $255 billion, Intel is flexing its fiscal muscle with continuing investments in the industry.
Intel Corp. is exploring a deal to buy GlobalFoundries Inc., according to people familiar with the matter, in a move that would turbocharge the semiconductor giant’s plans to make more chips for other tech companies and rate as its largest acquisition ever.