This is huge news! Consolidation in the chip making industry? Until not long ago Intel was considered to be a blue chip (no pun intended).
Will this trigger antitrust action?
"Chip giant Qualcomm made a takeover approach to rival Intel in recent days, according to people familiar with the matter, in what would be one of the largest and most consequential deals in recent years. ..."
"Intel has fallen from global chip champion to takeover target.
Three years ago, Intel was worth more than double its current value, and Chief Executive Pat Gelsinger was on the prowl for acquisitions. Now Intel itself is a takeover target, in a sign of how strategic missteps and the artificial-intelligence boom have combined to reshape the fortunes of America’s most storied semiconductor company. A recent acquisition approach by Qualcomm reflects a vulnerability with few precedents in Intel’s 56-year history."
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