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Intel shares jump on report it’s an acquisition target – The Times of India

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Intel shares jump on report it’s an acquisition target – The Times of India


Intel shares jumped as much as 9.5% on Friday morning in the US after a report on a tech news site said the beleaguered chipmaker is an acquisition target. SemiAccurate, a tech-focused newsletter founded by Charlie Demerjian, said it “read an email about a company trying to acquire Intel, whole” and that the “mystery company has the resources to pull it off.” The report did not name the firm potentially interested in buying Intel.

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Intel couldn’t immediately be reached for comment.





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