Arm Holdings approached Intel about acquiring its product division, but Intel declined.

Arm Holdings approached Intel about acquiring its product division, but Intel declined, asserting the division is not for sale. The British chip firm, seeking to diversify its revenue, showed no interest in Intel's manufacturing operations. Intel, facing stiff competition and a downturn in business, is refocusing on AI processors and contract manufacturing while pausing factory construction plans in Europe. The financial specifics of the talks remain undisclosed.

September 27, 2024
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