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Rumor has it that Musk is a potential buyer for Intel, but Citigroup is not optimistic

2025-01-18 21:49:44
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ChainCatcher news, according to Jinshi reports, the American tech media SemiAccurate reported on the 17th local time that the media confirmed through multiple sources that a mysterious company intends to acquire Intel (INTC.O) in its entirety.

As a result of this news, Intel's stock price surged over 9% on Friday. The investment community Seeking Alpha reported that Citigroup analysts reviewed this paid report and stated in a report sent to clients, "The SemiAccurate paid report mentions Musk as a potential buyer."

However, Citigroup analysts are not optimistic about Musk acquiring Intel. In the report, they wrote that this would be a "bad outcome" for Intel, unless Intel could hire a CEO who can exit the contract manufacturing business and possesses three qualifications: advanced manufacturing experience, technical sensitivity, and Intel experience.

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