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Intel (NASDAQ:INTC) is suddenly a hot topic, with shares spiking nearly 9% this morning on rumors that a mystery company is eyeing a full takeover. The buzz started after SemiAccurate leaked an email claiming that a well-funded suitor is interested in acquiring Intel outright. While there's still a lot of fog surrounding the details, investors are reacting positively after Intel's in the past twelve months, which saw its stock plunge 55%. This news comes on the heels of leadership changes, with former CEO Pat Gelsinger being pushed out just last month.
This isn't the first time Intel's future has been in play. Back in September, Qualcomm (QCOM) reportedly explored buying Intel, but the deal fell apart due to complexities. Qualcomm could circle back, thoughit's still eyeing Intel's design business or even a more strategic stake in the company. Whoever the mystery buyer is, SemiAccurate hints they've got the financial muscle to make a deal happen.
The big question now: Is this serious, or just more corporate chatter? If the deal rumors turn out to be true, we could see massive ripples in the semiconductor sector. Intel's on the ropes, and it's unclear who's lining up to take the knockout swing. Stay tunedthis could get interesting.
This article first appeared on GuruFocus.