Rumors surface about Intel being taken over by a “mysterious company with resources”

Intel shares rose sharply by 9.5% after a rumor appeared on the Internet about a possible takeover of the company by a mysterious company that has the resources for this. This became known from a letter read by the founder of the technology news portal SemiAccurate, Charlie Demerjian.

Demerdjian reportedly “read an email about a company trying to acquire Intel, in its entirety” and that “the mysterious company has the resources to do so.” The message does not name the company potentially interested in buying Intel.

Intel, once the dominant player in the semiconductor market, has struggled in recent years to keep pace with rapid changes in the industry. Recently, CEO Pat Gelsinger was forced out of his post because the board of directors lost confidence in his strategy to turn the company around. Intel shares fell 60% in the past year and are only now back to where they were in early December.

Rumors about a possible takeover by Intel intensified after Gelsinger’s resignation. Previously, Qualcomm showed interest in acquiring Intel and even discussed this possibility. However, negotiations were later stopped because, as Bloomberg writes, “Qualcomm at a certain point cooled down to this idea.” In addition, in September last year, Arm Holdings was interested in purchasing one of Intel’s divisions, but was refused – Intel replied that “the business is not for sale.”

Despite the difficulties and declining share prices, speculation about a possible acquisition of Intel continues to circulate, fueling investor interest and causing fluctuations in the stock market. Information about a new potential buyer capable of buying out Intel entirely has caused the company’s shares to rise recently.