Elon's jet is in Florida, Global Foundries jet is in Florida, Qualcomm's jet is in Florida: they're all at Mar-a-Lago... Intel buyout being discussed.
Given the plunge in the stock price and its considerable assets, as well as brand name, an acquisition of Intel is certainly not farfetched. Intel hasn't said it is looking to be acquired, but the business is currently without a permanent CEO, and the stock has been in free fall, losing 60% of its value last year.
Qualcomm launched its first Arm-based PC CPUs last year, and although they haven't exactly been a smash hit, partly because of compatibility problems, Arm-based PC are likely to be here to stay. Qualcomm is now seemingly looking to re-enter the server CPU market with new chips.
Adds analyst note on potential buyer. Intel Corp. (NASDAQ:INTC) rose 9% after some vague takeover speculation about the chipmaker. A report from SemiAccurate was circulating on Friday about a company looking to acquire Intel (NASDAQ:INTC).
Intel’s stock price climbed as much as 9.2 percent Friday morning after a report said a company is looking to acquire the semiconductor giant whole.
Qualcomm showed off its Snapdragon X series performance at CES 2025, and its performance gains are staggering.
We recently compiled a list of the Why These 10 Stocks Were Skyrocketing on Friday. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against the other stocks that were skyrocketing on Friday.
Intel (INTC) stock surges on takeover speculation. Bulls see long-term growth potential, while bears worry about value destruction. Read more here.
Sailesh Kottapalli, a 28-year Intel veteran and a senior fellow and chief architect for the company’s Xeon processors, made the announcement on LinkedIn on January 13, stating that he joined Qualcomm as a senior vice president.
Former Intel Xeon chief architect Sailesh Kottapalli said he has joined Qualcomm as the chip designer builds out a team to enter the data center CPU market.
In 2022, it was reported that Qualcomm had approached cloud and data center companies about testing an Arm chip for the server market. The chip was built by Nuvia, a company Qualcomm acquired for $1.4 billion the previous year.
Intel is coming out of a brutal 2024, putting extra scrutiny on its lineup of CES 2025 reveals. The company rolled out a number of new Core Ultra 200H processors early Monday, with a particular emphasis on power efficiency that,