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Intel Corp. Shares Surge 8.1% Premarket on SemiAccurate Report of Acquisition Target

Jan 17, 2025, 01:32 PM

Intel Corp. is reportedly the target of an acquisition, according to a report by SemiAccurate. The report, which claims to have credible information from emails and multiple high-level confirmations, suggests that an unnamed company with the resources to execute the acquisition is considering buying Intel 'whole.' The news has led to a premarket surge in Intel's stock, with shares last up 8.1% before the market opened. The report's credibility is bolstered by SemiAccurate's claim of increasing confidence in the acquisition plan, moving from about 60% to more than 90% after receiving confirmation from another highly placed source.