Intel (INTC) shares will likely remain in the spotlight on Monday after Bloomberg reported on Sunday that asset manager Apollo Global Management has offered to invest as much as $5 billion in the struggling chipmaker.
News broke late last week of Qualcomm approaching Intel for a potential takeover, sending Intel shares up 3.4% and Qualcomm shares down 3% on Friday. We don't think the deal will lead anywhere for a couple of reasons. Regulatory hurdles, including CHIPS Act funding, and Qualcomm's lack of foundry expertise make the acquisition impractical.
Intel (INTC) stock price will be in the spotlight on Monday as investors reflect on the rumoured offer by Qualcomm and news that Apollo Global will make a $5 billion investment in the company. The stock, which rose by over 3.3% on Friday, will likely continue rising on Monday.
Apollo Global Management Inc. has offered to make an investment in Intel Corp. of as much as $5 billion, Bloomberg News reported Sunday.
U.S.-based asset management company Apollo Global Management has offered to make an investment of as much as $5 billion in Intel , Bloomberg News reported on Sunday.
Amid reports that Qualcomm (QCOM) approached Intel (INTC) about a possible takeover, Futurum Group chief market strategist Cory Johnson sits down with Josh Lipton and Julie Hyman on Market Domination to take a closer look at what a potential acquisition would mean for the two chip companies. “This would be the biggest deal in the history of the semiconductor industry, ever,” Johnson says, explaining, “Intel was once the largest semiconductor company in the world.
An analyst with Gabelli Funds says a deal for Qualcomm to buy struggling chip rival Intel may not make too much sense.
Chipmaker Qualcomm is trying to buy rival Intel, according to multiple reports.
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.