Intel foundry merging with Global foundry, is it happening ?

https://www.techradar.com/pro/he-l-freezes-pigs-fly-rumor-has-it-that-intel-could-merge-with-amds-former-foundry-in-potential-multi-billion-deal

Here it says - "Caulfield would become executive chair of the combined entity, with Michelle Johnston Holthaus leading Intel’s product business and Breen integrating GlobalFoundries into Intel Foundry."

if merger faces hurdles - "Any potential merger would of course face regulatory hurdles, particularly in China, which previously blocked Intel’s attempt to acquire Tower Semiconductor. If approval proves difficult, eeNews Europe suggests Intel could appoint Caulfield as CEO while maintaining close ties with GlobalFoundries.
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is this happening ?

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Global Foundries is still a joke of a foundry and a major embarrassment for America. Just like AMD.

Globalfoundries are super smug now. They think they are better then us

Read that all external foundry discussions are off, at least for now.

Might be that the Board wasn't seeing a good enough valuation in the proposed deals, although it is being reported as an intention to keep the company together.

They will never, ever state the real long-term strategy, but they might want to let 18A get some traction and maybe some external customers in order to raise the valuation.

The companies interested at the moment are just kicking the tires because they think there is a bargain to be had, so they may not be interested down the road if IFS stops losing so much money.

GF might buy some of the older fabs, as IFS has no plans to use them for external customers.

Intel is incapable of wiping its own a-s clean.

The circus is so wide and deep it’ll be interesting if Li-Bu can reach down four levels to figure out who has the right stuff and all the bad stuff that needs to go.

Maybe? Would be best if Intel could clean up its own mess, but perhaps the time to allow that to happen has expired and we are going to see a huge transformation.

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Intel foundry merging with Global foundry, is it happening ?

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