While Intel has struggled in recent years, other chipmakers are thriving because of a boom in demand.
Qualcomm approached Intel about a takeover, The Wall Street Journal reported. That potential deal could face antitrust scrutiny and political challenges.
A consolidation of chipmakers would be a big deal in the era of AI PCs.
The Wall Street Journal has reported that Qualcomm (QCOM) has approached Intel (INTC) about a potential takeover. Bob O'Donnell, TECHnalysis Research president and chief analyst, joins Market Domination to break down the news and what it could mean for the struggling chip designer.
One fund manager sees “more cons than pros” if the companies were to combine, after the Wall Street Journal reported that Qualcomm approached Intel about a possible deal.
Here are some of the major companies whose stocks moved on the week's news.
Intel lost its chipmaking lead years ago and is struggling to regain it. Qualcomm could sell parts of Intel to other buyers, WSJ reported.
Shares of chipmaker Intel (INTC) popped in extended trading Friday, pulled higher by a report that Qualcomm (QCOM) had made a "takeover approach."
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.