According to sources, Qualcomm recently approached Intel about a potential acquisition. The terms of any such deal remain unclear, and it is unknown whether Intel has engaged in discussions with Qualcomm. A merger of this magnitude would be one of the largest in the technology sector.
Qualcomm approached Intel about a takeover in recent days, according to a person familiar with the matter.It wasn't clear if Intel had engaged in conversations with Qualcomm or what the terms would be, according to a person familiar with the matter who asked not to be named because the information was confidential.The deal, if it were to happen, would be one of the largest technology mergers ever. Intel has a market cap of over $90 billion.
Qualcomm and Intel compete in several markets, including for PC and laptop chips. However, Qualcomm, unlike Intel, doesn't manufacture its own chips, and instead relies on firms like Taiwan Semiconductor Manufacturing Company and Samsung to handle production.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.
Technology Merger Acquisition Intel Qualcomm
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