Once one of the biggest chipmakers on the market, Intel has been going through some hard times lately. The world seems to be moving from its chips, and the company is looking for some ways to turn fortunes around. Well, it looks like Intel might merge with GloFo if the rumors are correct.
It’s important to know that these are rumors we’re dealing with. As such, you’ll want to take this news with a grain of salt. Anything could change as time goes on.
Intel might merge with rival company GloFo
Right now, the chip market is led by a handful of companies, and one of them is AMD. It makes some rather powerful chips for computers, and this makes it a competitor to Intel. In 2009, the company made a pretty large decision and spun off its foundry department into its own company. Thus, AMD became fabless, which means that it designs its chips, but it has to export the design to a company to actually manufacture the chips.
The spun-off company then became GlobalFoundries (A.K.A GloFo). This is the third-largest semiconductor company behind Samsung and TSMC.
GloFo’s former CEO Thomas Caulfield, was recently replaced with the company’s COO Tim Breen. Rather than leaving the company altogether, Caulfield will remain as an executive chairman. According to a report from eeNews Europe, that might not be the end of it.
Rumors have been floating around that Caulfield may take up the role of CEO of Intel. The company has been in a pretty rough spot over the past couple of months, as it’s been lacking a permanent CEO since December 2024. That’s not a position that any company wants to be in. If Caulfield takes the throne, it’ll mostly be to steer Intel toward its former prime.
That’s not the only rumor on the wind. Others say that Intel might actually merge with GloFo. If these companies do merge, then we should expect some major changes in the chip market. The thing is that details about this are more scares than chips during the chip shortage.
What we do know is that, if the two companies do merge, then Caulfield could possibly be the CEO of that entity. Either way, we should expect to see some major moves by Intel as the company tries to change its fortunes.