Intel Shares Jump on Report It’s an Acquisition Target (1)

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.

Once the world’s dominant chipmaker, Intel has struggled in recent years to keep up in a competitive and fast-changing industry. Last month, Chief Executive Officer Pat Gelsinger ...