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Hell freezes, pigs fly: Rumor has it that Intel could merge with AMD's former foundry in potential multi-billion deal
A change of leadership at GlobalFoundries has sparked major speculation
GlobalFoundries (GloFlo) was founded in March 2009 when a struggling AMD spun off its manufacturing division to go fabless, a move designed to help it survive in the highly competitive semiconductor industry. GloFo eventually became a key player in the foundry business, with a global manufacturing footprint across the US, Europe, and Asia, focusing on specialty chips rather than competing at the leading edge. This unusual transaction occurred two days before GlobalFoundries announced its leadership changes, drawing comparisons to the $172 million stock incentive given to Gelsinger when he became Intel’s CEO in 2021.
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