Intel rises following merger and acquisition speculation – 01/17/2025 at 3:13 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

Jan. 17 – **Intel INTC.O shares are up 7.2% at $21.08 premarket

** The stock is up after SemiAccurate, a chip publication, reported that the unnamed company is considering buying Intel “outright,” citing an email and confirmation from a “high-level source”

**Intel did not immediately respond to Reuters’ request for comment on this report

** INTC stock has fallen 58% over the past 12 months, becoming the worst-performing stock in the Philadelphia Chip Index .SOX, which is up about 27% over the same period