Qualcomm reportedly approaches Intel for potential takeover amid Intel's financial struggles.
Qualcomm has reportedly approached Intel about a potential takeover, which could become one of the largest mergers in tech history, given Intel's market cap exceeding $90 billion. This comes as Intel faces significant financial challenges, including a 53% stock drop this year and plans to cut 15,000 jobs. A deal would likely attract antitrust scrutiny. Neither company has officially commented on the discussions.
September 20, 2024
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