Wall Street is once again speculating about the possibility of Intel being acquired, following a report from Semi Accurate, a tech news site, that mentioned a mystery company expressing interest in buying the struggling semiconductor giant. Intel’s stock jumped nearly 7% on Friday after the news.
In recent years, Intel has faced challenges, particularly in the artificial intelligence space, where customers have preferred Nvidia and AMD’s graphics processing units over Intel’s central processing units. The company has also lost market share to AMD in its more traditional sectors, and its expensive gamble on manufacturing has weighed it down.
Since Intel announced a major restructuring plan last year, rumors about a potential takeover have been circulating. Back in September, The Wall Street Journal reported that Qualcomm might be interested and had reached out about a possible deal.
However, Semi Accurate’s report on Friday revealed that a mystery company is now looking to buy Intel outright, not just parts of it. The identity of this company hasn’t been revealed in the free version of the report, and it’s not one that was previously mentioned in media reports after former CEO Pat Gelsinger’s departure, nor has the mystery company publicly expressed any interest.
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