Intel CEO Pat GelsingerVMwareQualcomm approached Intel about a takeover, The Wall Street Journal reported.That potential deal could face antitrust scrutiny and political challenges.Intel has faced a decline in its valuation, and it plans to lay off 15,000 staff members.The chip giant Intel could be at a crossroads as it figures out its next steps amid its declining valuation and struggling business.Chip and wireless communications competitor Qualcomm approached Intel about a takeover deal, the Wall Street Journal reported Friday.
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hli@businessinsider.com (Helen Li), Business Insider
Fri, 09/20/2024 - 4:32pm
Topics: intel ceo pat gelsingervmwarequalcomm the wall street journal pcs biden administration logan purk edward jones science act chips act previously dan morgan synovus samsung cpus advanced micro devices abu dhabi ceo lisa su amd stacy rasgon bernstein research web services intel 18a xeon intel 3.the macbooks m1 business insider intel qualcomm intel ceo pat gelsinger i intel wall street journal amazon american purk cpu morgan globalfoundries tsmc nvidia gpus ai apple fallen tech crossroads foundry takeover years monday faced boom plans compete focus customers lay deal approached produces analysts overlap expanded analyst faces custom company
BING NEWS:
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Tech giants like Meta and Google have written an open letter to the EU warning that its strict regulations may keep it behind in the AI race.
09/20/2024 - 7:30 pm | View Link - America's fallen tech giant Intel is facing a crossroads
Qualcomm approached Intel about a takeover deal, the WSJ reported. Meanwhile, Intel is planning a separate foundry subsidiary and staff cuts.
09/20/2024 - 12:32 pm | View Link - Intel, once a Silicon Valley star, has been floundering. Now it's mounting a turnaround.
The Silicon Valley chip giant has been in freefall this year, pushing CEO Pat Gelsinger to unveil a turnaround plan for the 56-year-old company.
09/17/2024 - 3:45 am | View Link - Intel Downsizing Leaves Staff Waiting on Lay Off Decisions
The tech giant is only halfway through its 15,000 worker cull, with staff waiting until October to discover their fate.
09/17/2024 - 2:22 am | View Link - Intel is in trouble. Here are 5 things tech companies can learn to avoid the same struggles
Intel once saw cash flow of $10 billion per year. Those days are long gone—and there doesn't appear to be much hope for a turnaround.
09/12/2024 - 11:00 pm | View Link - More
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