Intel To Buy Chip Fabricator GlobalFoundaries For $30 Billion In Biggest Deal Yet: WSJ
Thursday was another rough day for the semiconductor space as most of the biggest US-traded chipmakers traded in the red as the global chip shortage overshadowed what ended up being a solid earnings report from TSMC (which also affirmed plans to expand its production capacity in the US and Japan). But even bigger news concerning the troubled semis space broke Thursday evening when WSJ reported that Intel has agreed to the biggest acquisition in its half-a-century existence. According to the American business broadsheet of record, Intel has agreed to buy chip fabricator GlobalFoundaries for $30 billion. Most importantly, the deal…
Source: http://freedombunker.com/2021/07/15/intel-to-buy-chip-fabricator-globalfoundaries-for-30-billion-in-biggest-deal-yet-wsj/
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