The deal, if it were to happen, would be one of the largest technology mergers in years.
The deal, if it were to happen, would be one of the largest technology mergers ever. Intel has a market cap of around $96 billion.in over 50 years in August after the firm reported disappointing earnings. Intel stock is down 53% in 2024 as investors express doubts about its costly plans to manufacture and design chips.
that reiterated the company's commitment to investing heavily in its foundry business, a project that could cost $100 billion over the next five years. It also said that it was weighing outside investment. Qualcomm generates less revenue than Intel. It reported $35.8 billion in sales in fiscal 2023 to Intel's $54.2 billion during the same period.
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