As per reports, Intel Corp (INTC) is in talks to buy semiconductor manufacturer GlobalFoundries Inc, owned by Abu Dhabi sovereign wealth fund Mubadala Investment Co, with a manufacturing footprint across the U.S., Europe, and Asia for about $30 billion. The discussion comes in as a semiconductor shortage is bothering industries around the globe.
A deal can help Intel ramp up the production of chips, also the company is looking to start producing chips for carmakers that have struggled to keep operations running due to severe shortages. Intel expressed an intent to open its factories to outside chip designers, as it competes with Taiwan’s Semiconductor Manufacturing Co Ltd and Korea’s Samsung Electronics Co Ltd.
Mubadala and GlobalFoundries did not respond to requests for comment, and Intel declined to comment on the matter.
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