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Intel looking to buy GlobalFoundries for $30 billion?

US chipmaker Intel is reportedly in talks to acquire semiconductor manufacturer GlobalFoundries for some USD 30 billion, reports the Wall Street Journal citing sources familiar with the matter.

Intel has previously stated that it intended to launch a massive investment push to increase its capacities, and also become a major provider of foundry capacity in the U.S. as well as Europe. The company said in March this year that it plans to invest more than USD 20 billion to expand its US operations with two new fabs in Arizona. The sources told WSJ that there isn’t any guarantee that any deal will materialize and that GlobalFoundries could proceed with a planned IPO. GlobalFoundries’ owner, Mubadala Investment, a US based investment arm of the Abu Dhabi government, is according to a Reuters report from June looking to take the manufacturer public. However, a spokesperson for GlobalFoundries have denied any direct discussion with Intel, the report states. An interesting note in all of this is that GlobalFoundries was created by the divestiture of the manufacturing arm of Advanced Micro Devices (AMD), and that AMD still is a major customer of GF – a relationship which which could potentially raise antitrust questions about a possible Intel deal. Intel declined to comment when approached by Reuters.
Update as per the 20th of July: In an interview with Jon Fortt from CNBC, GlobalFoundries’ CEO Tom Caulfield sets the record straight regarding the Wall Street Journal’s report of a potential USD 30 billion acquisition by Intel; “There’s nothing to that story”.
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Apple inks multibillion-dollar deal with Broadcom for US made components Apple has entered into a new multiyear, multibillion-dollar agreement with Broadcom under which the semiconductor company will develop 5G radio frequency components — including FBAR filters — and wireless connectivity components.
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Würth Elektronik expands its capacities in Sweden The Swedish subsidiary of the German technology group has moved, something that has resulted in the company getting their hands on significantly more available space.
Samsung's 12nm-Class DDR5 DRAM has started mass production Samsung Electronics' 16-gigabit (Gb) DDR5 DRAM, which utilises 12nm-class process technology, has started mass production.
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Micron to bring EUV technology to Japan Micron Technology says it will be introducing extreme ultraviolet (EUV) technology to Japan to manufacture its next generation of DRAM, the 1-gamma (1γ) node.
SK powertech to triple its SiC semiconductor capacity SK Group subsidiary Yes Power Technix has been renamed to SK powertech, but that's not the only change. SK powertech recently relocated its plant in Pohang City to Busan City. Commercial production at the new facility started in April 2023.
Analog Devices's CFO to step down Prashanth Mahendra-Rajah, Analog Devices' Executive Vice President and CFO, has informed the company that, after six years leading the finance operation, he will step down from his position to explore other opportunities.
eMagin enters merger deal with Samsung Display US micro OLED company eMagin has entered into a definitive merger agreement with Samsung Display. Under the terms of the agreement, the South Korean company will pay USD 2.08 per eMagin share in cash, in a transaction valued at approximately USD 218 million.
onsemi mulls $2 billion expansion of SiC production onsemi is considering a USD 2 billion investment to increase production of silicon carbide chips, which are extensively used to help expand the range of electric vehicles.
Laser Photonics expands into the semiconductor space Laser Photonics Corporation, a developer of industrial CleanTech laser systems for laser cleaning and other material applications, is stepping into the semiconductor capital equipment and components space with the formation of its semiconductor division.
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Penn State and onsemi sign MOU to boost SiC research in the US Penn State and onsemi have signed a memorandum of understanding (MOU) towards a USD 8 million strategic collaboration which includes the establishment of the onsemi Silicon Carbide Crystal Center (SiC3) at Penn State’s Materials Research Institute (MRI).
Aixtron to invest up to €100 million at its Herzogenrath site The technology company is planning to build a new innovation centre – providing enhanced capacities for research and development – at its Herzogenrath site in Germany.
Infineon acquires Swedish machine learning specialist Imagimob Infineon has acquired the Stockholm-based startup Imagimob AB, a platform provider for machine learning solutions for edge devices.
Infineon to lead European research project on Industry 5.0 Infineon is taking over coordination of the wide-scope European research project AIMS5.0 (Artificial Intelligence in Manufacturing Leading to Sustainability and Industry 5.0).
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May 15 2023 11:13 am V20.14.28-1
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