Official announcement by Intel or the acquiring company, major financial news outlets

Intel Shares Surge 9.5% on Report of Potential Acquisition by Mystery Company

Jan 17, 2025, 02:20 PM

Intel Corp. shares surged as much as 9.5% on Friday morning following a report from technology news site SemiAccurate, which stated that the company is an acquisition target. The report, based on emails and multiple high-level confirmations, suggests that an unnamed 'mystery company' with sufficient resources is considering acquiring Intel in its entirety. Intel, once the world's dominant chipmaker, has faced challenges in recent years amid a competitive and rapidly evolving industry. The speculation about a potential acquisition comes after Intel's shares fell 60% last year, leaving the company with a market valuation of approximately $90 billion.