Qualcomm buying Intel? It actually might happen.
Android Authority –
- In recent days, Qualcomm approached Intel about a possible acquisition, according to anonymous reports.
- At first, Qualcomm seemed only interested in Intel’s PC divisions, but now it seems it’s looking for a full-on purchase.
- There hasn’t been a formal offer of any kind and the potential deal is still in development.
For years now, silicon giants Qualcomm and Intel have been rivals but mostly operating in very different sectors: the former in the mobile world and the latter in the desktop/laptop world. This year, though, Intel has faced some incredible obstacles (many of which of its own making). This has resulted in tumbling stock, tens of thousands of employees laid off, and bad blood between the company and even its most die-hard fans. Meanwhile, Qualcomm has been thriving.
Apparently, Qualcomm smelled an opportunity among Intel’s chaos and recently approached the company about a possible acquisition, according to The Wall Street Journal. This rumor comes from anonymous people familiar with the matter. So far, the possible sale of Intel to Qualcomm is in the very early stages, with no formal offer made yet for Intel, valued at around $90 billion at the moment.
Source: https://www.androidauthority.com/qualcomm-intel-acquisition-3483878/
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