Qualcomm Asked Rival Intel if It Would Consider Sale

Published On Sep 20, 2024, 7:41 PM

Qualcomm is in talks with Intel about a possible acquisition, though no formal offer has been made yet. Intel has struggled significantly over the past year, with its stock price dropping nearly 40%, while Qualcomm has seen a rise of 55%. Any potential merger could face heavy regulatory challenges due to national security issues and antitrust concerns. Intel recently reported a $1.6 billion loss and plans to cut jobs, emphasizing its ongoing struggles in the semiconductor market. The article discusses Qualcomm's interest in Intel's chip design capabilities rather than its manufacturing operations.