Can Intel afford to purchase GF?

Intel is reportedly eyeing Globalfoundries for acquisition valued at an estimated US$30 billion. Will the acquisition be a good buy and follow Intel’s IDM 2.0 strategy that was unveiled earlier this year?

BYD Semiconductor invests heavily in Energen

BYD Semiconductor, a spinoff from China-based carmaker BYD, has acquired a 77.75% stake in Jinan Energen Semiconductor for CNY5 billion (US$774.8 million). Energen makes silicon (Si) and silicon carbide (SiC) power devices.