It's a wild rumor, but Elon Musk could potentially be involved in Intel's acquisition, as a report by SemiAccurate mentions him as an interested buyer.
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.
Elon's jet is in Florida.
Global Foundries jet is in Florida.
Qualcomm's jet is in Florida.
In case anyone was wondering what's going on with Intel...
They are at Mar-a-Lago.
Make America Great Again can only be true if Intel is saved.— Dylan Patel (@dylan522p) January 17, 2025
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.
- via SeekingAlpha
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.
About the author: Muhammad Zuhair is a hardware and technology reporter for Wccftech, specializing in the semiconductor industry and the complex interplay between technology, manufacturing, and geopolitics. His coverage focuses on the corporate strategies and technological roadmaps of industry giants like TSMC, NVIDIA, Samsung, and Intel. Zuhair's expertise lies in deconstructing complex topics such as fabrication nodes (e.g., 2nm process), the economic impact of policies like the CHIPS Act, and the strategic development of AI infrastructure from NVIDIA, AMD and Intel.
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