Intel Explores Potential $30 Billion Deal for GlobalFoundries: WSJ

Intel Explores Potential $30 Billion Deal for GlobalFoundries: WSJ

(Bloomberg) -- Intel Corp. is exploring a deal to acquire semiconductor manufacturer GlobalFoundries Inc., the Wall Street Journal reported, citing people familiar with the matter.

Closely held GlobalFoundries, controlled by Abu Dhabi’s sovereign fund Mubadala Investment Co., could be valued at about $30 billion, the Journal reported. The deal isn’t guaranteed and GlobalFoundries may continue to pursue an initial public offering, the paper said, adding that the talks don’t appear to include GlobalFoundries itself. A spokesperson for Santa Clara, California-based Intel declined to comment on the report, and GlobalFoundries didn’t immediately respond to a request for comment.