Intel is in talks to acquire GlobalFoundries for an estimated $ 30 billion. This was reported by the Wall Street Journal, citing “people familiar with this issue.” If successful, it will be Intel’s largest acquisition to date. GlobalFoundries is now owned by Mubadala Investment. The company planned to conduct an initial public offering later this year.
Earlier it became known that Intel continues negotiations with SiFive, the developer of RISC-V chips, hoping to buy it for $ 2 billion. This is part of a massive restructuring led by new CEO Pat Gelsinger. Intel plans to expand its manufacturing capacity through the IDM 2.0 initiative, in which the company has already announced plans to build two new factories in Arizona and offer manufacturing services.
GlobalFoundries, once a spin-off from AMD, is a major contract manufacturer of semiconductor products, in particular, continuing to fulfill orders from AMD. It currently owns about 7% of the global contract manufacturing market.