Deals
Chipmaker Qualcomm to Explore Takeover of Intel
- Qualcomm made approach and has spoken with US regulators
- Intel shares rose Friday after report of Qualcomm’s interest
Text to image generative AI on a laptop using a Qualcomm Snapdragon X Elite chip.
Photographer: Bridget Bennett/BloombergThis article is for subscribers only.
Qualcomm Inc. has approached Intel Corp. to discuss a potential acquisition of the struggling chipmaker, people with knowledge of the matter said, raising the prospect of one of the biggest-ever M&A deals.
California-based Qualcomm proposed a friendly takeover for Intel in recent days, according to the people, who asked not to be identified discussing confidential information. The approach is for all of the chipmaker, though Qualcomm hasn’t ruled out buying or selling parts of Intel in a combination.