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BUZZ-Intel rises on speculations of M&A

ReutersJan 17, 2025 2:13 PM

Intel's shares INTC.O up 7.2% at $21.08 premarket

Stock moves higher after chip-focused publication SemiAccurate reports that unnamed company was considering buying Intel "whole," citing email and confirmation from "high level source"

Intel did not immediately respond to Reuters' request for comment on the report

INTC shares fell 58% in past 12 months, becoming the worst performing stock on Philadelphia chip index .SOX, which has risen ~27% in the same period

(Reporting by Medha Singh)

((medha.singh@thomsonreuters.com))

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