Intel Shares Jump on Report It’s an Acquisition Target

Intel Corp. shares jumped as much as 9.5% Friday morning after a report on a technology news site said the beleaguered chipmaker is an acquisition target.

SemiAccurate, a tech-focused newsletter founded by Charlie Demerjian, said it was “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.