Intel reportedly approached by Qualcomm for takeover: WSJ





In a significant development, Qualcomm has reportedly approached Intel about a possible takeover, according to sources cited by The Wall Street Journal. The news, which surfaced on September 20, 2024, indicates Qualcomm's interest in acquiring the iconic chipmaker. Intel, despite facing challenges in recent years, remains a major player in the semiconductor industry with a market value of around $88 billion. Qualcomm, known for its leadership in mobile chip technology, has a significantly larger market capitalization, currently valued at approximately $190 billion.

The news triggered a sharp rise in Intel's stock, which jumped by 5.9%, reflecting market optimism or speculation surrounding the potential deal. However, both Qualcomm and Intel have not officially commented on the reports. If this acquisition were to materialize, it would be one of the largest in tech history and could reshape the global semiconductor landscape.

This move is expected to draw attention from regulators due to its size and potential antitrust concerns, especially given the importance of the semiconductor industry to global technology supply chains​(