Intel Could Be Buying GlobalFoundries for $30 Billion

Image: Intel

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.

Image: Global Foundries

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.

Sources: The Wall Street Journal, TechPowerUp

Peter Brosdahl
As a child of the 70’s I was part of the many who became enthralled by the video arcade invasion of the 1980’s. Saving money from various odd jobs I purchased my first computer from a friend of my dad, a used Atari 400, around 1982. Eventually it would end up being a lifelong passion of upgrading and modifying equipment that, of course, led into a career in IT support.

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