Qualcomm reportedly made an acquisition offer to Intel – GIGAZINE

“Qualcomm is approaching Intel with a takeover bid,” the Wall Street Journal reported. Intel plans to acquire Qualcomm in the second quarter of 2024.Recorded a deficit of over 240 billion yenThe company is currently in a difficult situation, with many companies looking to expand their business, and attention is now focused on the future direction of Intel and Qualcomm.

Exclusive | Qualcomm Approached Intel About a Takeover in Recent Days – WSJ
https://www.wsj.com/business/deals/qualcomm-approached-intel-about-a-takeover-in-recent-days-fa114f9d

Qualcomm approached Intel about acquisition, report claims | Tom’s Hardware
https://www.tomshardware.com/tech-industry/qualcomm-approached-intel-about-acquisition-report-claims

Intel reported a loss of over 240 billion yen in its second quarter 2024 financial results announced on August 1, 2024. In addition, it also announced plans to lay off approximately 15,000 employees, equivalent to 15% of its total workforce. In addition, the annual announcement event “Intel Innovation” will be held in August 2024.PostponementIn addition, it was revealed that the company had sold 1.18 million Arm shares to secure funds.

Intel continues to work on its financial recovery, and in September 2024Intel halts 20A process node rollout plans to save $700 millionIt has also been reported that the company is considering canceling plans to build a 4 trillion yen factory in Germany and selling some of its businesses.

Intel to cancel $4 trillion chip factory project in Germany and sell business to restructure operations and renew capital investments – GIGAZINE

Meanwhile, the Wall Street Journal reported that Qualcomm has made an acquisition proposal to Intel, citing information obtained from “people familiar with the matter.” However, the people familiar with the matter said that “there is no guarantee that the deal will be successful.” The Wall Street Journal said of Qualcomm’s plan to acquire Intel, “A deal of this magnitude would almost certainly be subject to antitrust scrutiny, but it could also be seen as an opportunity to strengthen America’s competitive position in the semiconductor sector.”

This is not the first time that Qualcomm’s plans to acquire Intel have been reported; Reuters reported similar information on September 7, 2024.

Qualcomm reportedly considering buying part of Intel’s chip design division – GIGAZINE

by Kārlis Dambrāns