Friday, September 20th 2024

Qualcomm Said to Have Approached Intel About Takeover Bid

This is not an April fool, as Qualcomm has apparently approached Intel with a takeover bid, according to the Wall Street Journal. The news follows earlier rumours about Qualcomm having eyed the opportunity to buy parts of Intel's client PC business, especially the parts related to chip design. Now it looks like Qualcomm has decided it might as well give it a go and take over Intel entirely, if the WSJ's sources can be trusted. It's still early days though and no official offers appear to have been proposed by Qualcomm so far and it doesn't appear to be a hostile takeover offer at this point in time. As such, this could turn out to be nothing, or we could see a huge change in the chip market if something comes of it.

It's worth keeping in mind that Intel's share price has dropped by around 57 percent so far this year—not taking into account today's small jump for Intel—and Qualcomm's market cap stands at over twice that of Intel's at 188 vs 93 billion US dollars. Even if Intel was to agree to a takeover offer from Qualcomm, there are several antitrust hurdles in multiple countries to get around for the two giants as well. This is despite the two not being direct competitors, but with Qualcomm recently having entered the Windows laptop market, the two are at least competing for some market share there. It's also unclear what Qualcomm would do with Intel's x86 legacy if it acquired Intel, as Qualcomm might not be interested in keeping it, at least not on the consumer side of its business. Time will tell if this is just some advanced speculation or a serious consideration by Qualcomm.
Sources: The Wall Street Journal (paywall), Reuters
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102 Comments on Qualcomm Said to Have Approached Intel About Takeover Bid

#102
lexluthermiester
R0H1THere's the part I was talking about ~

Obviously the exact T&C are confidential, but if push comes to shove, AMD can drag QC through the court for billions! Again, only if this goes through, which would be a hard sell right now.
www.theregister.com/2024/09/21/qualcomm_intel_takeover/
While the citation for TheRegister is less than desirable, they make some excellent points that can not be ignored. More reasons why Qualcom will not be buying Intel and shouldn't be allowed to try. This is the whole NVidia/ARM situation all over again and is even more unlikely.
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Oct 5th, 2024 06:36 EDT change timezone

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