{"id":125211,"date":"2024-09-21T21:17:14","date_gmt":"2024-09-21T15:47:14","guid":{"rendered":"https:\/\/www.techworm.net\/?p=125211"},"modified":"2024-09-21T21:17:35","modified_gmt":"2024-09-21T15:47:35","slug":"qualcomm-reportedly-looking-acquire-intel-report","status":"publish","type":"post","link":"https:\/\/www.techworm.net\/2024\/09\/qualcomm-reportedly-looking-acquire-intel-report.html","title":{"rendered":"Qualcomm Is Reportedly Looking To Acquire Intel"},"content":{"rendered":"<p>Earlier this month, multiple reports surfaced that Qualcomm is exploring the possibility of acquiring portions of Intel\u2019s design business, especially its client PC design unit, to enhance its product portfolio.<\/p>\n<p>However, a new report from\u00a0<em><a href=\"https:\/\/www.wsj.com\/business\/deals\/qualcomm-approached-intel-about-a-takeover-in-recent-days-fa114f9d?st=i5zay9xbq899g24&amp;reflink=article_copyURL_share\" data-wpel-link=\"external\" rel=\"nofollow noopener noreferrer\">The Wall Street Journal<\/a><\/em> on Thursday, citing people familiar with the matter, claims that the chip giant Qualcomm is considering a &#8220;full takeover&#8221; of the U.S. semiconductor manufacturer Intel and has reportedly approached its competitor for the possibility of acquisition.<\/p>\n<p><span style=\"font-family: Verdana, BlinkMacSystemFont, -apple-system, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\">According to sources familiar with the matter, the\u00a0<\/span><em style=\"font-family: Verdana, BlinkMacSystemFont, -apple-system, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\">WSJ<\/em><span style=\"font-family: Verdana, BlinkMacSystemFont, -apple-system, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\"> report describes the deal as &#8220;far from certain.&#8221; However, Qualcomm has not yet made an official offer for Intel,<\/span>\u00a0<a href=\"https:\/\/www.nytimes.com\/2024\/09\/20\/technology\/qualcomm-intel-talks-sale.html\" data-wpel-link=\"external\" rel=\"nofollow noopener noreferrer\"><em>The New York Times<\/em>\u00a0corroborated the <em>WSJ<\/em> report<\/a>\u00a0on Friday evening.<\/p>\n<p>Even if Intel is receptive to an offer, a potential takeover between two of the largest chipmakers in the world would attract antitrust scrutiny, considering their massive size and national security importance.<\/p>\n<p>The <em>WSJ<\/em> report further suggests that Qualcomm could intend to sell assets or portions of Intel to other buyers to secure a deal. Both Qualcomm and Intel have declined to comment on the reports.<\/p>\n<p>For those unaware, Intel, once the most valuable company in the world, valued at $290 million, is now in deep financial trouble, with its current market value standing at roughly $90 million.<\/p>\n<p>The semiconductor company also recorded a loss of over 240 billion yen in the second quarter of 2024, with its shares dropping by 57% this year.<\/p>\n<p>In early August 2024, Intel&#8217;s leadership announced that\u00a0it would\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">lay off more<\/span><a href=\"https:\/\/www.techworm.net\/2024\/08\/intel-lay-off-15000-employees.html\" data-wpel-link=\"internal\">\u00a0than 15% of its workforce<\/a>,\u00a0roughly 15,000 employees, as part of a broader cost-reduction strategy that aims to reduce costs by $10 billion in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this month, multiple reports surfaced that Qualcomm is exploring the possibility of acquiring portions of Intel\u2019s design business, especially its client PC design unit, to enhance its product portfolio. However, a new report from\u00a0The Wall Street Journal on Thursday, citing people familiar with the matter, claims that the chip giant Qualcomm is considering a [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":125213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6329,3141],"tags":[2215,4679,63462,63464,63463,12064],"class_list":{"0":"post-125211","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-news","9":"tag-intel","10":"tag-qualcomm","11":"tag-qualcomm-intel","12":"tag-semiconductor-company","13":"tag-semiconductor-manufacturer","14":"tag-takeover"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Qualcomm Is Reportedly Looking To Acquire Intel<\/title>\n<meta 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