Popular Keywords
News
[News] U.S. Government Considers to Give Green Light to Merger Deal to Support Intel’s Survival
According to a report from Wccftech, citing information from Semafor, the US Commerce Department is reportedly exploring ways to assist Intel, which may include a potential merger deal.
The report from Wccftech highlighted that Intel is the only US-based company with “mature” processes and facilities, making it a crucial component of the U.S. aim to achieve self-sufficiency in semiconductor production.
Previous rumors indicated that Intel might be acquired by companies such as ARM or Qualcomm. Regarding this potential acquisition, Qualcomm’s CEO Cristiano Amon stated that the company is exploring its options, with a decision anticipated after the US elections, according to the report from Wccftech.
The report highlighted that U.S. policymakers are also considering a merger deal, viewing it as acceptable for Intel to merge with native companies such as AMD or Marvell.
However, the report also noted that as the U.S. places significant importance on the foundry division, the potential sale of the chip business is still considered a viable option, which could involve companies such as Qualcomm, ARM, or even AMD.
Notably, Intel is expected to receive USD 8.5 billion in grants and USD 11 billion in low-interest loans from the U.S. government under the CHIPS Act. However, the funding has been delayed, as the report mentioned.
According to the report from Semafor, Intel’s outlook for the fourth quarter is better than expected, and on its earnings call last week, CEO Pat Gelsinger stated that the company is on schedule to start producing its most advanced chips, referred to as 18A, next year.
Read more
(Photo credit: Intel)
