Chipmaker Qualcomm is making an attempt to purchase rival Intel, in keeping with a number of reviews.
The Wall Avenue Journal broke the information late Friday that Qualcomm had approached Intel a couple of takeover. The New York Instances subsequently corroborated the story, whereas including that no official supply has been made.
Even when there’s a suggestion, it’s not clear whether or not Intel would settle for it or if regulators would approve. (Qualcomm didn’t instantly responded to TechCrunch’s request for remark; Intel declined to remark.)
As soon as the trade chief, Intel has struggled as a result of a scarcity of cellular technique. It reported a $1.6 billion loss within the second quarter of this 12 months and has been implementing a $10 billion value discount plan that might eradicate 15,000 jobs. It’s additionally transferring to spin out its chip foundry enterprise as an unbiased subsidiary.
Intel at the moment has a market capitalization of round $90 billion, whereas Qualcomm’s is round $190 billion. Each corporations have been overshadowed not too long ago by Nvidia because the AI growth drives demand for chips.
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