Intel’s Chips Are on the Table

Published On Sep 23, 2024, 8:03 AM

Intel is facing potential takeover interest from Qualcomm and a significant investment offer from Apollo Global Management. Qualcomm's interest raises questions about its ability to finance the purchase and navigate regulatory hurdles, particularly concerning antitrust issues. On the other hand, Apollo’s offer is seen as a vote of confidence in Intel’s turnaround plan, following its prior investment in a part of Intel's operations. The Biden administration's stance on protecting Intel's subsidies under the CHIPS and Science Act also remains a critical factor in any potential deal.