A US technology media sparked rumors of a possible Intel acquisition and shares rose sharply on Friday.
Intel would be under the gaze of Elon Musk. According to the American technology media SemiAccurate, Elon Musk would be interested in acquiring the technology company. On Friday, Intel Corp. shares soared 7.6% following the rumors.
SemiAccurate, a technology-focused newsletter founded by Charlie Demerjian, reported that it had “read an email about a company trying to acquire Intel, complete.”
Intel, once the world’s largest chipmaker, has struggled in recent years to maintain its dominance in a competitive and ever-changing industry. Last month, CEO Pat Gelsinger was forced out after the board lost confidence in his turnaround plans for the iconic company. Its shares fell 60% last year, valuing the company at approximately $85 billion today.
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However, Citigroup analysts are skeptical of Musk’s acquisition of Intel, stating in their report that it would be a “bad outcome” for Intel unless the company can name a CEO with the necessary qualifications to exit the company. commercial foundry business and Possess advanced manufacturing experience, technical sensitivity and Intel experience.
It should be noted that Rumors about a possible acquisition of Intel began to circulate before Gelsinger’s departureand speculation has gained momentum since then.
According to Bloomberg, Qualcomm considered buying Intel, but ultimately abandoned the idea, while Arm Holdings showed interest in keeping Intel’s products division, although they were told that this business was not for sale.
In 2024, Intel shares plunged 60%, reflecting the significant challenges the company faced in an increasingly competitive market.
Source: Ambito
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