July 15, 2021

(Reuters) – Intel Corp is in talks to buy semiconductor manufacturer GlobalFoundries Inc for about $30 billion, the Wall Street Journal reported https://www.wsj.com/articles/intel-is-in-talks-to-buy-globalfoundries-for-about-30-billion-11626387704?st=zikpzvlm8jjdjvf&reflink=article_copyURL_share on Thursday, citing people familiar with the matter.

Intel did not immediately respond to a Reuters’ request for comment.

(Reporting by Nivedita Balu in Bengaluru; Editing by Krishna Chandra Eluri)

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