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flag Intel's stock jumped 9.5% on acquisition rumors, buoying a company down 60% in 2020 and without a CEO.

flag Intel's stock surged by up to 9.5% on Friday due to rumors of a potential acquisition by an unidentified company, according to SemiAccurate. flag Despite no confirmation from Intel, the rumor has boosted investor optimism. flag Intel, which has faced significant competition and lost 60% of its value in 2020, is currently without a permanent CEO. flag The company has previously explored splitting its foundry division and other strategic moves to improve its standing.

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