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’.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Intel stock jumps after reports of possible Apollo investmentIntel stock jumped on reports of a potential deal with Apollo Global Management.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asset management firm Apollo reportedly eyes US$5-billion investment in IntelThe news comes at a moment of weakness for Intel, which was once the most valuable chip maker in the world, but whose shares have lost nearly 60% of their value since the start of the year
Source: globebusiness - 🏆 31. / 66 Read more »

Apollo to Offer Multibillion-Dollar Investment in IntelApollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Apollo to offer multibillion-dollar investment in Intel, Bloomberg News reportsApollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in Intel, the report said citing a person...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Fed rate cut rally holds, Apollo reportedly eyes Intel investment: Yahoo FinanceMarkets (^DJI, ^IXIC, ^GSPC) are maintaining their upward momentum following the Federal Reserve's rate cut last week. The move comes as investors await two ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »