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  • btc = $119 326.00 2 062.94 (1.76 %)

  • eth = $3 286.29 236.22 (7.74 %)

  • ton = $3.16 0.15 (4.83 %)

21 Sep, 2024
1 min time to read

Qualcomm has approached Intel regarding a possible takeover, as reported by The Wall Street Journal and corroborated by The New York Times.

While no formal offer has been made, this potential deal would signify a significant shift in the semiconductor landscape, given Intel's historical dominance in the chip market.

Intel is currently facing challenges, including a $1.6 billion loss reported earlier this year, prompting workforce reductions and strategic shifts. The company has also relied on third-party manufacturers like TSMC to produce advanced chips as it attempts to rebuild its own manufacturing capabilities.

A successful acquisition would bolster Qualcomm’s position, especially as it reenters the desktop processor market in partnership with Microsoft. However, the deal would likely face rigorous regulatory scrutiny.