It is said that Intel plans to acquire the core of the world's fourth largest fab for $30 billion.

The media quoted people familiar with the matter as saying that Intel intends to buy lattice core (GlobalFoundries), the world's fourth largest wafer foundry, for $30 billion. If the deal goes through, it will be Intel's largest acquisition in history and will further promote the company's chip foundry program.

The deal values GE Core at about $30 billion, but there is no guarantee of success, according to people familiar with the matter. GE Xin is likely to conduct an initial public offering ((IPO)) as planned. The grid core said that there are no relevant discussions with Intel, which also means that Intel may still be in the internal discussion stage.

GE Core is owned by Mubadala Investment, the Abu Dhabi sovereign wealth fund, but is headquartered in the United States. According to (Trendforce), a research firm, grid core accounts for about 7 per cent of the global wafer foundry market by revenue, behind TSMC, Samsung and UMC.

It is worth noting that GE Core's major customers include Intel's competitor AMD. This year, the two sides reached a long-term agreement on the supply of chip components worth $1.6 billion. This will greatly increase the difficulty of Intel's mergers and acquisitions.

Intel CEO Pat Kissinger (Pat Gelsinger) said in March that Intel would return to foundry and announced that it would invest more than $20 billion to expand wafer production facilities in the United States and promote more investment at home and abroad.

Earlier, a number of semiconductor companies announced plans to expand production, such as TSMC's investment of US $100 billion over three years to expand capacity, and the approval of a US $100 billion expansion plan for SK Hynix, South Korea's second largest chip factory.

Qiao an, an analyst at Jibang Consulting, has said that global semiconductor demand is still strong, coupled with tight demand for automotive semiconductors, resulting in longer delivery cycles in a market where wafer foundry production capacity is mostly difficult to obtain. Production expansion has become the most direct way to solve the capacity problem.