SemiAccurate, a tech website, has reported that Intel (INTC.US) may be a potential acquisition target.

A report published on Friday by tech site SemiAccurate suggested that Intel (INTC.US) could be a takeover target. According to the report, two months ago, SemiAccurate received an email from a credible source indicating that a company was considering buying Intel. Unlike typical rumors, the email was highly limited in its distribution, circulating only among a small number of executives at the target company. While initially difficult to determine the veracity of the plan, SemiAccurate through further investigation found that the company indeed had the financial wherewithal to execute the acquisition, especially given Intel's current valuation which has significantly declined. Last week, another authoritative source confirmed the existence of the plan, boosting SemiAccurate's confidence in the matter from 60% to over 90%. Ultimately, after multiple confirmations, SemiAccurate is convinced that the mysterious company is intent on bringing Intel into its fold. Intel is the cornerstone of the global semiconductor industry, its technological prowess and market share making it an unassailable position in the tech sector. If this acquisition plan comes to fruition, it will have a profound impact on the global chip industry landscape. In recent years, Intel has been beset by multiple challenges, including issues with its 10nm process and intensifying competition. Meanwhile, the company's market capitalization has significantly declined from its peak, providing a lower entry point for potential buyers. As to the identity of the acquirer, it remains a mystery. SemiAccurate said that the company has not made public statements or media stunts, opting instead to keep a low profile, possibly to avoid driving up the price of Intel. Industry speculation points to a tech or investment giant with deep pockets, but no definitive evidence points to any particular company. The news boosted Intel's shares by nearly 7% to $21.09.