Qualcomm reportedly approached struggling rival Intel about a takeover
INTCIntel(INTC) New York Post·2024-09-21 03:47

Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter.Intel’s shares reversed course to rise 8%, while Qualcomm fell 4% in afternoon trade.Qualcomm recently approached Intel about a takeover, according to a report. REUTERSIntel has been attempting to turn its business around by focusing on its chip foundry unit and artificial intelligence processors, but its shares have plummeted in recent months as it cut jobs ...