Chipmaker Qualcomm is attempting to shop for rival Intel, in line with a couple of reviews.
The Wall Boulevard Magazine broke the inside track past due Friday that Qualcomm had approached Intel a few takeover. The New York Occasions therefore corroborated the tale, whilst including that no reputable be offering has been made.
Even though there may be an be offering, it’s no longer transparent whether or not Intel would settle for it or if regulators would approve. (Qualcomm didn’t straight away answered to TechCrunch’s request for remark; Intel declined to remark.)
As soon as the trade chief, Intel has struggled because of a loss of cell technique. It reported a $1.6 billion loss in the second one quarter of this yr and has been enforcing a $10 billion value relief plan that may get rid of 15,000 jobs. It’s additionally transferring to spin out its chip foundry trade as an impartial subsidiary.
Intel these days has a marketplace capitalization of round $90 billion, whilst Qualcomm’s is round $190 billion. Each corporations were overshadowed not too long ago through Nvidia because the AI increase drives call for for chips.
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