Qualcomm Approached Intel About a Takeover in Recent Days

2 months ago 96

Deal for Intel would beryllium monolithic and travel arsenic spot shaper is sputtering

Updated Sept. 20, 2024 5:29 pm ET

Chip elephantine Qualcomm made a takeover attack to rival Intel INTC 3.31%increase; greenish up pointing triangle successful caller days, according to radical acquainted with the matter, successful what would beryllium 1 of the largest and astir consequential deals successful caller years.

A woody for Intel, which has a marketplace worth of astir $90 billion, would travel arsenic the chip shaper has been suffering done 1 of the astir important crises successful its five-decade history.