Intel is pursuing headstrong to takeover the GlobalFoundries Inc., in efforts of increasing the production of its chips. The company has suffered most during the chip crisis and has lost most of its share in the computer market and data center market. however, since GlobalFoundries is Abu Dhabi’s one of the most promising investments, they are quite reluctant to fully part with one of its most promising investments.
Mubadala Investment Co. the owner of the U.S.-based GlobalFoundries, is not in active talks with Intel. sources indicate that though Intel is quite an enthusiast on its purchase of the fab manufacturer people familiar with the matter stated that the Abu Dhabi-based investor is still reluctant to sell the manufacturer.
According to sources, many analysts are suggesting that Intel needs to embark on its largest takeover to date and also offer a price that captures the future upside for the business. Since the world is currently facing a shortage of semiconductors the value of foundries like Mubadala has increased significantly.
However, many in the industry believe that Intel taking over the GlobalFoundries for about $30 billion, will be much more productive. The deal will help intel aid in quenching the crisis of semiconductor shortage.
Intel is making extreme efforts in increasing up the production of the chips and also increase its footholds in the market. its CEO, Pat Gelsinger also announced the company’s plan to spend $20 billion to build two new semiconductor fabrication plants in Arizona. Though its latest sites won’t be available for production until 2023, the deal for GlobalFoundries would “significantly accelerate” Intel’s plans to become a leading chip manufacturer.