Qualcomm reportedly made an acquisition offer to Intel

'Qualcomm is making an acquisition proposal to Intel,' reported the Wall Street Journal. Intel is in a difficult situation, including recording a loss of over 240 billion yen in the second quarter of 2024, and attention is focused on the future trends 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

In its second quarter 2024 financial results report released on August 1, 2024, Intel reported a deficit of over 240 billion yen. In addition, it also announced plans to lay off approximately 15,000 employees, equivalent to 15% of its total employees. In addition, in August 2024, it announced the postponement of its annual announcement event 'Intel Innovation,' and it was also revealed that it had sold 1.18 million Arm shares that it held to secure funds.

Intel has continued to work on its financial recovery, announcing that it will halt plans to operate the Intel 20A process node in September 2024 to save 70 billion yen . In addition, it has 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 a person familiar with the matter. However, the person also said that the deal is not guaranteed to 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