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Qualcomm recently approached Intel about a possible takeover
Qualcomm recently approached Intel about a potential takeover, though it’s unclear if Intel engaged in talks or what terms were discussed. Intel shares rose 3% on the news, while Qualcomm’s fell by the same margin.
If successful, this could be one of the largest tech mergers, as Intel has a market cap over $90 billion.
Intel, once the top chipmaker, has struggled in 2024 with stock down 53% and missing out on the AI boom, CNBC has reported.
read more: https://www.cnbc.com/2024/09/20/qualcomm-reportedly-approached-intel-about-takeover.html
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