How Intel became a takeover target

Published On Sep 23, 2024, 1:19 PM

Intel Corp., once the leader in the semiconductor industry, has seen its market value plummet by over 50% in the last three years, making it a potential takeover candidate. Qualcomm has reportedly approached Intel with an acquisition offer. Intel's decline is attributed to its failure to anticipate the growth of AI technology and to keep pace with competitors like TSMC and Nvidia. Despite attempts to refocus on AI and contract manufacturing, the company has faced setbacks, including a significant workforce reduction of 15%, and delays in governmental subsidies for expansion. Recently, Intel's stock saw a brief spike related to the acquisition news, but it is down nearly 60% for the year.