☄️Qualcomm Shows Interest In Buying Intel
⏺Chip designer Qualcomm wants to buy electronics and computer components maker Intel. Negotiations on the deal, which took place in recent days, were confidential. However, Qualcomm has not yet made an official offer to Intel.
⏺The deal with Intel, whose market value is about $90 billion, is still far from certain. Even if Intel agrees to it, the deal may come under scrutiny from antitrust authorities. To close the deal, Qualcomm may plan to sell Intel assets or parts to other buyers.
⏺The acquisition could occur in what could be one of the largest and most significant technology deals ever. The deal will allow Qualcomm to complement its mobile phone chip business with chips from Intel, which are widely used in personal computers and servers.
⏺In the second quarter, Intel reported a loss of $1.6 billion and gave guidance for the third quarter below market expectations. The corporation also announced its intention to cut 15% of its staff and suspend dividend payments. The report was one of the worst in Intel's 56-year history as the company struggles to regain its footing in an industry it once dominated. Also in the second quarter, Intel completely divested itself of its stake in British chip designer Arm Holdings.
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⏺Chip designer Qualcomm wants to buy electronics and computer components maker Intel. Negotiations on the deal, which took place in recent days, were confidential. However, Qualcomm has not yet made an official offer to Intel.
⏺The deal with Intel, whose market value is about $90 billion, is still far from certain. Even if Intel agrees to it, the deal may come under scrutiny from antitrust authorities. To close the deal, Qualcomm may plan to sell Intel assets or parts to other buyers.
⏺The acquisition could occur in what could be one of the largest and most significant technology deals ever. The deal will allow Qualcomm to complement its mobile phone chip business with chips from Intel, which are widely used in personal computers and servers.
⏺In the second quarter, Intel reported a loss of $1.6 billion and gave guidance for the third quarter below market expectations. The corporation also announced its intention to cut 15% of its staff and suspend dividend payments. The report was one of the worst in Intel's 56-year history as the company struggles to regain its footing in an industry it once dominated. Also in the second quarter, Intel completely divested itself of its stake in British chip designer Arm Holdings.
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