Could We See Qualcomm Acquire Intel’s Business Soon?
The continued rise of Arm-based computing solutions in recent years has certainly shifted the direction of the general consumer electronics industry, to the point where even established players like Intel are feeling the effects of stronger competition from other brands in the segment. Intel’s ventures haven’t been the most profitable lately, with the company reporting massive losses (as much as $1.6 billion).
So much so that there are now rumors that Qualcomm – one of the biggest names in the industry at the moment – has expressed a desire to take over Intel and acquire the latter company. This is at least according to a report from the Wall Street Journal, although it goes on to say that such a deal is “far from certain.” Other issues such as antitrust matters might also factor into play.
READ: Intel to Slash Thousands of Jobs in Latest Wave of Layoffs
Intel hasn’t been in a good place these past couple of years – a month ago, the company confirmed that it will terminate around 15,000 roles, a move mentioned in the company’s Q2 2024 earnings report. The layoffs were then made known to employees via a note from company CEO Pat Gelsinger. Going back to this possible takeover however, neither Intel nor Qualcomm have commented at the moment.
Source: Engadget