Qualcomm may be trying to buy Intel | TechCrunch
==========
Qualcomm is reportedly attempting to acquire Intel; The Wall Street Journal first reported on September 20, 2024, that Qualcomm approached Intel about a takeover; The New York Times confirmed the story, noting no official offer has been made; Intel has been struggling with a $1.6 billion loss in Q2 2024 and is implementing a $10 billion cost reduction plan, which includes cutting 15,000 jobs; Intel plans to spin out its chip foundry business; Intel's market cap is approximately $90 billion, while Qualcomm's is around $190 billion; Both companies face competition from Nvidia amid the AI boom.
#Qualcomm #Intel #Acquisition #Chipmaker #Technology #MarketCap #Ai #FinancialLoss #CostReduction #BusinessStrategy
https://techcrunch.com/2024/09/21/qualcomm-may-be-trying-to-buy-intel/
Oddbean new post about login | logout 