Apollo has offered to make a multibillion-dollar investment in Intel, people familiar with the matter said, providing the chipmaker with a vote of confidence in its turnaround strategy and an alternative to a potential takeover by larger rival Qualcomm. Advisors Capital Management Partner & Portfolio Manager JoAnne Feeney joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.
Intel Corporation INTC shareholders had to bear painful losses throughout this year as the company struggled to make a breakthrough in its stumbling foundry business. However, Intel's foundry spin-off move, a deal with Amazon.com, Inc. AMZN, and a probable QUALCOMM Incorporated QCOM takeover boosted its share prices last week.
Qualcomm is reportedly interested in acquiring Intel, but analysts are skeptical. Intel's semiconductor factories are a major weak point in the potential deal.
Stacy Rasgon, Bernstein senior analyst; Daniel Newman, CEO of the Futurum Group; and Michael Kantrowitz, Piper Sandler chief investment strategist, join CNBC's 'Power Lunch' to discuss expectations for Intel.
Qualcomm Inc‘s QCOM stock has been stuck in a trading range since early August, with analysts speculating about a potential bid for Intel Corp INTC. Despite this, shares have faced resistance at the top of the range, which has prompted our trading experts to make it the Stock of the Day.
Jordan Klein, tech sector specialist at Mizuho Americas, joins 'The Exchange' to discuss the rumors of a Qualcomm takeover of Intel, Intel's future, and more.
Off reports of Qualcomm (QCOM) offering to acquire Intel (INTC), Apollo Global Management (APO) reportedly seeks to invest up to $5 billion into the company. Shares for the legacy chip maker are up, but as Alex Coffey and Caroline Woods explain, these deals highlight how much Intel's monopoly has crumbled.
Intel has gone from the world's most valuable chipmaker to the target of a takeover bid, after a series of missteps in recent years has left the company in a vulnerable position.
Apollo Global Management is interested in a multibillion-dollar investment in Intel. The news comes just after Qualcomm reportedly expressed interest in buying Intel.
Intel stock climbs as Apollo Global Management (APO), the parent company of Yahoo Finance, reportedly offered a multibillion-dollar investment. That came after reports that Qualcomm (QCOM) approached Intel with a buyout offer.
Paul Meeks, Harvest Portfolio Management CIO, joins 'Money Movers' to discuss how the future of AI will impact the markets, a potential Qualcomm takeover of Intel, and more.
Intel stock climbs as Apollo Global Management (APO), the parent company of Yahoo Finance, reportedly offered a multibillion-dollar investment. That came after reports that Qualcomm (QCOM) approached Intel with a buyout offer.