Intel Considers $ 30 Billion Purchase of GlobalFoundries

Intel is currently in talks to acquire GlobalFoundries for $ 30 billion. This is reported by the Wall Street Journal, citing industry sources. GloFo is one of the largest semiconductor companies and makes chips for such giants as AMD, Qualcomm, and Nvidia. Today, its share in the global production of integrated circuits is about 7%.

Since Pat Gelsinger took over as CEO of Intel in February, the company has changed its manufacturing strategy substantially. As part of the IDM 2.0 initiative, the chipmaker plans to start providing contract manufacturing services for microcircuits, for which new factories will be built in the United States and Europe. Against this background, the purchase of GlobalFoundries will help to quickly establish this line of business.

It is worth adding that GlobalFoundries was created in 2009 from the production department of AMD and is currently owned by the Mubadala Investment Company, which represents the interests of the government of Abu Dhabi.

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