A report by research firm SemiAccurate has fueled rumors that billionaire Elon Musk could be involved in a potential acquisition of struggling Intel.
A report by research firm SemiAccurate has fueled rumors that billionaire Elon Musk could be involved in a potential acquisition of struggling Intel.
As Wccftech notes, the SemiAccurate report mentions it as an interested buyer. The company claims that the probability of buying Intel is 90%, and the «paid» report mentions the name of Elon Musk, who participated in the negotiations. Such big players as Qualcomm, ARM and even its direct competitor AMD are interested in acquiring Intel.
Dylan Patel of SemiAnalysis also claims that there are some talks underway involving Elon Musk, semiconductor company Global Foundries, and chipmaker Qualcomm, saying that all of these parties at Mar-a-Lago are potentially discussing an Intel acquisition, along with several other aspects.
«We view this as a bad outcome for Intel unless it can hire a CEO who comes out of the chip business,» Citibank analyst Christopher Daneley said of Musk’s potential acquisition of Intel.
While there is uncertainty about how much of a role Elon might play in this deal, it is likely that he will put his financial resources to good use, transforming Intel into something completely different and perhaps revolutionary. For now, however, these rumors should be treated with caution, although they cannot be completely ruled out.
Intel shares have already responded to these rumors by rising 10%. With the arrival of the Trump administration, which adheres to the policy of «America First», Intel and some other companies focused on the US are likely to receive additional growth factors.
Recall that in early 2024, Intel revealed that its chip manufacturing business would suffer an operating loss of $7 billion in 2023, and the company decided to lay off more than 15,000 employees in August as part of a $10 billion cost-cutting plan.
In December 2024, Intel CEO Pat Gelsinger resigned after more than 40 years with the company, and also left the board of directors effective December 1, 2024. He returned to the company in 2021, when it was already stagnant, and the experienced top manager’s task was to improve its situation, but he failed to achieve this.
