Intel is reportedly in talks to buy the $30 billion foundry company AMD spun off a decade ago
In 2008, chipmakers Intel and AMD took two distinct paths: Intel kept manufacturing its own chips to maintain full control, while AMD decided to spin off its semiconductor business as GlobalFoundries, relying on it and other manufacturers to provide the actual silicon. Now, The Wall Street Journal is reporting that Intel is looking to snap up AMD’s former fabs as well, in a deal that could value them at $30 billion.
It’s clear from the WSJ story that the deal isn’t a sure thing, and GlobalFoundries outright denied that it was in talks with Intel. But it’s possible Intel’s negotiating with the investment firm that owns GlobalFoundries instead, as the WSJ points out. It’s also intriguing that the Journal doesn’t have a “no comment” from...