103
Though it is not clear that qualcomm interested in buying Intel, Seeing the tech giant’s recent struggles as a chance, the San Diego-based chipmaker has shown interest in buying Intel, according to a recent report from The Wall Street Journal.
The report makes it clear that the deal is “not certain,” but if it happens, it would bring big changes to the U.S. semiconductor industry. A merger between Qualcomm and Intel could also face scrutiny from regulators, as there might be concerns about competition. However, Qualcomm’s interest shows just how much Intel has been struggling lately.
In the last year, Intel has faced growing problems, including plans to cut 15,000 jobs and reporting a $1.6 billion loss in one quarter. Their foundry division, which makes chips for other companies, also had a big loss of $2.8 billion last quarter. Earlier this week, CEO Pat Gelsinger announced plans to split the foundry division from the rest of Intel to make things run more smoothly.
Neither Intel nor Qualcomm has made any comments about the report.
Source: CNBC
