Semiconductor manufacturer GlobalFoundries Inc. has reportedly filed confidentially for an initial public offering, which would suggest that talks about a merger with Intel Corp. could be done.
The Wall Street Journal reported last month that GlobalFoundries and Intel INTC, -0.95% were discussing a potential merger as Intel looks to ramp up its direct manufacturing amid a semiconductor shortage. Sources told Reuters that GlobalFoundries was concerned that a tie-up with Intel would harm relations with other customers, and that Intel had not made a formal offer.
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