Qualcomm has reportedly expressed interest in acquiring Intel, according to a recent report by *The Wall Street Journal*. This potential takeover could present a major shakeup in the U.S. chip industry, though the report emphasizes that a deal is far from guaranteed.
If Qualcomm proceeds, the acquisition would likely attract scrutiny over antitrust concerns, reflecting the scale of such a move. Qualcomm’s interest, however, highlights how deeply Intel has struggled with its business performance over the last year.
Intel has been facing significant challenges, recently announcing plans to cut 15,000 jobs amid financial losses. In the last quarter alone, Intel reported $1.6 billion in quarterly losses.
Qualcomm Eyes Intel Takeover Amid Chip Industry Shakeup and Intel’s Ongoing Struggles
The company’s foundry division, which manufactures chips for other companies, has also been underperforming, posting an operating loss of $2.8 billion in the same period. These financial difficulties have led to strategic restructuring decisions within Intel.
In response to these challenges, Intel’s CEO Pat Gelsinger revealed plans to reorganize its foundry business, separating it into its own unit distinct from the rest of the company. This restructuring indicates Intel’s attempt to address its ongoing issues and improve its competitive standing in the chip industry.
However, these struggles may have piqued Qualcomm’s interest, seeing an opportunity to gain ground against its longtime rival.
Despite the reports of Qualcomm’s potential takeover bid, both companies have remained tight-lipped. Intel declined to comment on the news, while Qualcomm has yet to respond to requests for clarification. The situation remains fluid, and it is unclear whether this initial interest will lead to any formal acquisition offer.
