Arm has approached Intel about acquiring the company's product group, but Intel has said that the division is not for sale.
It has been reported that Arm, a major semiconductor company, has offered to acquire Intel's product division, as the company is facing difficulties, including
Arm Rejected by Intel After Approaching It About Buying Product Unit - Bloomberg
https://www.bloomberg.com/news/articles/2024-09-27/arm-rejected-by-intel-after-approaching-it-about-buying-product-unit
Intel Reportedly Rejected ARM's Offer to Purchase its Product Division
Questionable report claims Arm approached Intel to buy products group and got rejected | Tom's Hardware
https://www.tomshardware.com/pc-components/cpus/questionable-report-claims-arm-approached-intel-to-buy-products-group-and-got-rejected
In its second quarter 2024 financial results report released on August 1, 2024, Intel reported a deficit of over 240 billion yen. In addition, Intel announced the layoff of approximately 15,000 employees, equivalent to about 15% of its total employees. In addition, in August 2024, Intel announced the postponement of its annual announcement event 'Intel Innovation,' and it was reported that it sold 1.18 million Arm shares it holds.
Intel is also planning to split off its product divisions in order to recover its finances, and in September 2024 it made its semiconductor manufacturing division, Intel Foundry, into an independent subsidiary .
Meanwhile, overseas media Bloomberg reported that 'Arm has proposed to acquire Intel's semiconductor products division.' According to Bloomberg, Arm makes most of its revenue from designing chips for smartphones, and in recent years has also been planning to enter the PC and server markets. However, Intel still dominates this market, and Arm's acquisition of Intel's product division will enable Arm to further expand its sales channels.
However, it has been reported that Intel has rejected Arm's proposal, saying, 'This division is not for sale.' It has not been disclosed whether the negotiations for the acquisition have been abandoned or are continuing.
Representatives for Arm and Intel did not respond to requests from Bloomberg.
This is not the first time that Intel's acquisition plans have been reported; in September 2024, Qualcomm was reported to have made an acquisition proposal to Intel.
Qualcomm reportedly made an acquisition offer to Intel - GIGAZINE
Related Posts:
in Hardware, Posted by log1r_ut