Intel shares jump on report it’s an acquisition target – The Times of India

Intel shares jumped as much as 9.5% on Friday morning in the US after a report on a tech news site said the beleaguered chipmaker is an acquisition target. SemiAccurate, a tech-focused newsletter founded by Charlie Demerjian, said it “read an email about a company trying to acquire Intel, whole” and that the “mystery company has the resources to pull it off.” The report did not name the firm potentially interested in buying Intel. Intel couldn’t immediately be reached for comment.