Intel is in talks to buy semiconductor maker GlobalFoundries for about USD 30 billion, the Wall Street Journal reported citing people familiar with the matter. US-based GlobalFoundries is owned by Mubadala Investment, an investment arm of the Abu Dhabi government, with a manufacturing footprint also in Europe and Asia. A spokesperson for the chipmaker said no talks were happening with any of the company's executives.
Intel said earlier this year that it would expand its advanced chip manufacturing capacity by investing up to USD 20 billion in factories in the US. Intel would open its factories to outside chip designers, as it competes with Taiwan's Semiconductor Manufacturing and Korea's Samsung Electronics.
Mubadala is looking at a potential listing of GlobalFoundries later in the year, Reuters reported in June, citing sources familiar with the matter.
GlobalFoundries announced plans in June for building a semiconductor manufacturing fab in Singapore, with an investment of USD 4 billion.
