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WSJ: About 30 billion U.S. dollars! Rumor has it that Intel is exploring the acquisition of GlobalFoundries

Feb 02 68
According to the Wall Street Journal, according to people familiar with the matter, Intel is exploring the acquisition of GlobalFoundries Inc. This move will promote the semiconductor giant's plan to produce more chips for other technology companies and was named the largest acquisition in history.

People familiar with the matter said that this transaction may bring about $30 billion in share price to GlobalFoundries. But people familiar with the matter also said that there is no guarantee that they will come together and GlobalFoundries can continue the planned initial public offering. GlobalFoundries is owned by Mubadala Investment Co., an investment agency of the Abu Dhabi government, but is headquartered in the United States.

GlobalFoundries has manufacturing operations in the United States, Europe and Asia. When demand is at its peak, the transaction is expected to help Intel increase chip production.

According to the Wall Street Journal, the negotiation does not seem to include GlobalFoundries itself, and a company spokesperson said the company did not discuss with Intel.

In this regard, Reuters sought confirmation, but Intel, Mubadala Investment Company and GlobalFoundries have not yet responded to Reuters' request for comment.