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qualcomm in talks to acquire intel? intel china: no comment on rumors

2024-09-21

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chip giant qualcomm is reportedly in talks to acquire chip foundry intel.

on september 21, foreign media reported that qualcomm has approached intel about the acquisition. the report quoted people familiar with the matter as saying that the deal is far from certain. qualcomm has not formally made an acquisition offer to intel, and there are still great obstacles to reaching a deal. but if the deal can be successfully completed, it will be one of the largest transactions in recent years with a profound impact on the market.

subsequently, many overseas media reprinted this report.

a reporter from the paper asked intel china for confirmation, and the relevant person said that we would not comment on the rumors.

last month, intel announced second-quarter results that were far below expectations, with a net loss of $1.6 billion, causing the company's stock to fall more than 20% after hours; in order to improve the company's cash flow, the company officially announced a layoff of 15,000 people. subsequently, intel entered a turbulent "troublesome autumn", and has been surrounded by various negative rumors in the past month.

on august 29, local time, foreign media reported that intel is working with us investment banks goldman sachs and morgan stanley to get through the most difficult period in the company's 56-year history. people familiar with the matter revealed that intel is considering various possibilities, including splitting its chip design and manufacturing business and closing some factory projects.

intel officials have also denied some of the rumors.

on september 16, intel ceo pat gelsinger issued a letter to all employees, focusing on the reform work that intel is undertaking. it mentioned that after the company's chip foundry business intel foundry was spun off and separated earlier this year, it will be further established as an independent subsidiary to operate independently, indirectly denying the claim of sale.

on september 19, intel issued another official statement, saying that it had no plans to divest its majority stake in mobileye.

as of the close of the u.s. stock market on the 20th, intel was trading at $21.84, up 3.31%, with a market value of $93.4 billion; qualcomm was trading at $168.92, down 2.87%, with a market value of $188.2 billion.

‌intel corporation is a long-established american chip company, founded in 1968 and headquartered in santa clara, california, usa. intel is the inventor and manufacturer of microprocessors and various semiconductor technologies, the world's largest personal computer cpu manufacturer, and the first company to launch x86 architecture processors. intel follows the idm model of chip design + manufacturing, and intel has its own chip manufacturing plants in many places around the world.

qualcomm is a global leading wireless communication technology company headquartered in san diego, california, usa, and was founded in 1985. qualcomm maintains a leading position in wireless technologies such as 3g, 4g and 5g, and its technologies and products are widely used in smartphones, tablets, routers, system manufacturing, wireless operators and other fields.