Intel shares jumped 7.6% on Friday morning after a report on a expertise information web site mentioned the beleaguered chip maker is an acquisition goal.
SemiAccurate, a tech-focused e-newsletter based by Charlie Demerjian, mentioned it was “learn an e-mail about an organization making an attempt to amass Intel, complete”.
As soon as the world’s dominate chip maker, Intel has struggled lately to maintain up in a aggressive and fast-changing business.
Final month, CEO Pat Gelsinger was compelled out after the board misplaced confidence in his plans to show across the iconic firm. Its shares fell 60% final 12 months, valuing the corporate at about US$85-billion now.
‘Sources to drag it off’
SemiAccurate mentioned the “thriller firm has the assets to drag it off”.
Intel couldn’t instantly be reached for remark.
Final September, it emerged that ARM Holdings approached Intel about doubtlessly shopping for the ailing chip maker’s product division, solely to be informed that the enterprise isn’t on the market, in response to an individual with direct information of the matter. — Molly Schuetz, (c) 2025 Bloomberg LP
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