Patrick Moorhead, Moor Insights & Strategy CEO, joins 'Closing Bell Overtime' to talk recent reports that Qualcomm approached Intel about a takeover.
A deal for Intel would be massive and come at a time when the chip maker is sputtering.
"The Wall Street Journal" said Qualcomm had approached Intel about a possible takeover. A deal between the two companies would be one of the biggest in tech history.
Qualcomm made a takeover approach to rival Intel in recent days, according to people familiar with the matter. A deal for Intel would be massive and come as the chip maker has been suffering through one of the most significant crises in its five-decade history.
CNBC's Jon Fort joins 'Closing Bell' with some breaking news about Qualcomm and Intel.
Intel stock rallied on a WSJ report that Qualcomm had recently approached the chip giant about a possible takeover.
Intel shares have plummeted in recent months as it cut jobs, suspended its dividend and faced a high-profile board member resignation.
Intel stock surged on a Wall Street Journal report that Qualcomm could be interested in acquiring Intel.
Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Intel shares pop on report Qualcomm has approached it about takeover
A deal for Intel would be massive and come at a time when the chipmaker is sputtering.
As a separate subsidiary, Intel's foundry business will have its own operating board and the ability to raise its own outside funding. A deal to manufacture AI chips for Amazon Web Services could be game-changing for Intel.