Musk Now Starts To Eye At An Intel Acquisition According To SemiAccurate; But Take This Rumor With a Grain of Salt
Well, it seems like Team Blue has started to gain all the hype in the markets once again, but not for the right reasons, as news of business acquisitions has reignited. Just recently, we reported on how SemiAccurate, a renowned research firm, claimed that there's a 90% chance of an Intel buyout, and the "paywalled" report mentioned the name of Elon Musk involved in the negotiations, further fueling the rumors to new heights. In addition, Dylan Patel, a famous analyst, has put up an interesting message at X, yet again revealing Elon's presence in the negotiations, which we'll discuss next.
If you look at the Intel buyout saga, we see potential customers like Qualcomm, ARM, and even AMD pop up, but the newest rumor looks to be more solid than ever, as with the Trump administration coming in, there's more hope for Intel. Dylan from SemiAnalysis claims that there are some kinds of talks going around that involve Elon Musk, the semiconductor firm Global Foundries, and the chipmaker Qualcomm, saying that all of these parties are at Mar-a-Lago potentially discussing Intel's takeover along with several other aspects.
Interestingly, Citibank's analyst Christopher Danely has discussed the "Intel-Elon" rumor as well, and here's what he had to say:
We view this as a poor outcome for Intel unless it was able to hire a CEO who would exit the merchant foundry business.
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Elon getting involved in the party is undoubtedly huge for Intel as a business, given how big of an influence he would have on the takeover. While there's uncertainty around how big of a role Elon will play in this deal, it's likely that he might put his financial resources to good use, transforming Intel into something completely different and maybe revolutionary. While this rumor should be taken with a grain of salt for now, it shouldn't be ruled out entirely, given that Musk tends to surprise us several times.
Investors have already reacted positively to the development, with Intel's shares rising by up to nearly 10 percent. It's safe to say that with the Trump administration coming in, Intel and several other US-focused companies will have a great time.