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Intel Shares Jump on Report It’s an Acquisition Target

Intel Shares Jump on Report It’s an Acquisition Target

Intel Corp. shares jumped 7.6% Friday morning after a report on a technology 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.

 

Intel couldn’t immediately be reached for comment.

 

(Source: Bloomberg)

 

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