US semiconductor giant Intel’s struggling chip business has caught new attention ahead of President Trump’s inauguration. According to a report by SemiAccurate, Intel is being sought after by multiple potential buyers, including private jet owners and major companies like Qualcomm and GlobalFoundries.
A recent Tipranks report mentioned Elon Musk as a possible buyer of Intel, but experts caution that this could be a negative outcome for the company unless it hires a new CEO with experience in advanced manufacturing.
Meanwhile, talks between Intel and GlobalFoundries are being considered by senior government officials, who see the partnership as an opportunity to create a leading US-based foundry. However, there are concerns about Mubadala Investment Co.’s 80% ownership stake in GlobalFoundries.
Qualcomm’s interest in acquiring Intel has reportedly waned due to the complexity of the deal, while Broadcom has stated that it is focused on advancing its AI business and has no intention of making a move. The situation highlights the ongoing competition for control of Intel’s chip business.
Source: https://www.trendforce.com/news/2025/01/20/news-intels-potential-buyers-speculated-ahead-of-trumps-inauguration-a-quick-round-up