Qualcomm Reportedly Approached Intel About a Potential Acquisition

Intel started the week with a critical board meeting and ended it with reports that Qualcomm approached the company about a potential acquisition.

That prospect would be more palatable to Wall Street if Intel's core business was at the top of its game. But while Intel still makes the majority of processors at the heart of PCs, laptops, and servers, it's losing market share toWith challenges mounting, the board met last weekend to discuss the company's strategy.

Intel hasn't announced a significant traditional American semiconductor customer for its foundry, but Gelsinger said to stay tuned. "At the end of the day, I think what policymakers want is for there to be a thriving American semiconductor industry in America," said Anthony Rapa, a partner at law firm Blank Rome who focuses on international trade.

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Qualcomm Reportedly Approaches Intel About Potential AcquisitionChipmaker Qualcomm has reportedly reached out to its rival Intel about the possibility of acquiring the struggling tech giant, according to sources familiar with the matter. While no official offer has been made, the potential deal faces significant hurdles, including regulatory scrutiny and the complexities of Intel's foundry business.
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