Shares of MobilEye Global (MBLY) slumped Friday after reports that Intel (INTC) is considering selling off some of its stake as part of the chipmaker's effort to improve its financial position.
Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) is reportedly looking at buying parts of Intel Corp (NASDAQ:INTC, ETR:INL), including its chip design business, according to Reuters. Sources cited by Reuters said the semiconductor and software firm was looking at parts of Intel in order to boost its own product portfolio.
Qualcomm is eyeing Intel's design business segment to bolster its product offerings after the company ventured into making processors for computers.
Intel Corporation (NASDAQ:INTC ) Citi Global Technology Conference Call September 4, 2024 2:10 PM ET Company Participants David Zinsner - Executive Vice President and Chief Financial Officer Conference Call Participants Christopher Danely - Citi Christopher Danely Good afternoon, everyone. Thanks for coming.
Intel has been considering options to try to turn around its stock slump.
Qualcomm has explored the possibility of acquiring portions of Intel's design business to boost the company's product portfolio, according to two sources familiar with the matter.
Reuters reported that Broadcom received subpar Intel 18A wafers and found that the process isn't ready for high-volume production. That shouldn't be a surprise because Intel doesn't plan on high-volume production for external customers until sometime next year.
Intel stock is at a low and things could get worse before they get better.
Intel's new Lunar Lake laptop chips dramatically improve battery life while upping gaming and AI performance. Intel is claiming better power efficiency for Lunar Lake compared to Arm-based Windows PCs.
Intel's market cap is shriveling as it faces existential challenges. Marvell's AI-oriented chips are driving its near-term growth.
Intel is seemingly positioned to be the biggest funding beneficiary of the CHIPS and Science Act. But a recent report suggests that the company could miss out on some of the $19.5 billion in expected funding.
Nvidia's stock has risen more than 600% since the start of 2023, primarily due to excitement about AI. Intel stock has dropped over the same period, but it's making moves that could secure a lucrative role in AI over the long term.