Intel stock jumps after report of possible Apollo investment

The private equity firm would invest up to $5 billion in Intel, the Bloomberg report said, adding that Intel executives are weighing the offer. The news follows closely on the heels of multiple reports that the chipmaker is considering a friendly takeover by another chip giant, Qualcomm . That's because it debuted after the tech giants began working on their own AI chips, Moor Insights CEO Patrick Moorhead told Yahoo Finance in a recent interview.

Even if successful, some analysts say that a Qualcomm merger wouldn't necessarily be good for Intel or its shareholders — and that Intel should get out of the chipmaking business altogether. Bernstein senior analyst Stacy Rasgon also told Yahoo Finance on Monday that it would be "hard to do a deal where I think the risk would justify the returns."

"This news, combined with our AWS announcement, demonstrates the continued progress we are making to build a world-class foundry business," Gelsinger said inRetired members of the Unite union criticised the Chancellor’s decision to cut the payment, saying ‘the poorest among us will die this winter’.

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Apollo to Offer Multibillion-Dollar Investment in Intel(Bloomberg) -- Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the...
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