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| Economy |
| Qualcomm approached Intel about a takeover: report |
| 2024-09-23 |
| [NYPOST] Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel's shares closed up 3.3%, while Qualcomm was down 2.9%. Intel has been attempting to turn its business around by focusing on its chip foundry unit and artificial intelligence processors, but its shares have plummeted in recent months as it cut jobs, suspended its dividend and faced a high-profile board member resignation. A deal was far from certain, the WSJ report said, adding that even if Intel is receptive to an offer from Qualcomm, a deal of that size would attract antitrust scrutiny. To get the deal done, Qualcomm could intend to sell assets or parts of Intel to other buyers, according to the report. Related: Qualcomm 11/04/2023 The Hamas Wing of the Democrat Party Now Numbers 45 Qualcomm 11/26/2022 Ukrainian Perspective: Invasion of Ukraine: November 25th, 2022 Qualcomm 08/13/2022 A blockade of Taiwan would cripple China's economy |
| Posted by:Fred |