Strategic missteps and the artificial intelligence boom have combined to reshape the fortunes of the U.S.'s most storied semiconductor company.
Intel started the week with a critical board meeting and ended it with reports that Qualcomm approached the company about a potential acquisition. The company is struggling with market share losses in its core business while it pours money into a chip manufacturing unit that isn't expecting meaningful outside revenue until 2027.
Intel and Amazon are entering a partnership for computer chip design. Intel is struggling with its foundry business, and this could provide a helping hand.
In a surprising move that could reshape the semiconductor industry, Qualcomm has reportedly approached Intel about a potential takeover, according to a recent Wall Street Journal report. The news follows Intel's recent struggles to stay competitive in the fast-growing artificial intelligence (AI) chip market, a sector Qualcomm has been aggressively pursuing.
While Intel has struggled in recent years, other chipmakers are thriving because of a boom in demand.
Qualcomm approached Intel about a takeover, The Wall Street Journal reported. That potential deal could face antitrust scrutiny and political challenges.
A consolidation of chipmakers would be a big deal in the era of AI PCs.
The Wall Street Journal has reported that Qualcomm (QCOM) has approached Intel (INTC) about a potential takeover. Bob O'Donnell, TECHnalysis Research president and chief analyst, joins Market Domination to break down the news and what it could mean for the struggling chip designer.
One fund manager sees “more cons than pros” if the companies were to combine, after the Wall Street Journal reported that Qualcomm approached Intel about a possible deal.
Here are some of the major companies whose stocks moved on the week's news.
Intel lost its chipmaking lead years ago and is struggling to regain it. Qualcomm could sell parts of Intel to other buyers, WSJ reported.
Shares of chipmaker Intel (INTC) popped in extended trading Friday, pulled higher by a report that Qualcomm (QCOM) had made a "takeover approach."