The U.S. added 142,000 jobs in August, which missed Wall Street's forecast for 160,000. Investors are worried that the economy could be headed for recession.
Qualcomm (QCOM) shares fell following a report that the company has looked into buying segments of Intel (INTC), potentially including its PC chip design business.
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.
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.