Arm Is Rebuffed by Intel After Inquiring About Buying Product Unit
- Intel’s rapid decline has spurred takeover speculation
- Arm is interested in product group, not factory operations
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Arm Holdings Plc approached Intel Corp. about potentially buying the ailing chipmaker’s product division, only to be told that the business isn’t for sale, according to a person with direct knowledge of the matter.
In the high-level inquiry, Arm didn’t express interest in Intel’s manufacturing operations, said the person, who asked not to be identified because the discussions were private. Intel has two main units: a product group that sells chips for personal computers, servers and networking equipment, and another that operates its factories.