A recent report by SemiAccurate suggests that Elon Musk could be involved in Intel’s acquisition, potentially teaming up with semiconductor firm Global Foundries and chipmaker Qualcomm. The news has sparked interest among investors, with Intel shares rising by nearly 10 percent.
Intel’s buyout saga has garnered attention from potential customers like Qualcomm, ARM, and AMD. However, a new rumor appears more solid than ever, particularly with the Trump administration in place. According to SemiAnalysis, parties involved in discussions include Elon Musk, Global Foundries, and Qualcomm at Mar-a-Lago.
Analyst Christopher Danely from Citibank views this as a potential poor outcome for Intel unless it could hire a CEO who would exit the merchant foundry business. Elon’s involvement is significant for Intel, given his influence on the takeover. If successful, Musk may use his financial resources to transform Intel into something revolutionary.
Despite the uncertainty surrounding Musk’s role, investors are reacting positively to the development. With the Trump administration in power, US-focused companies like Intel are poised for a positive outcome.
Source: https://wccftech.com/elon-musk-reportedly-emerges-as-a-potential-intel-buyer