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WSJ: Qualcomm has approached Intel about a potential takeover
Posted on 9/20/24 at 3:15 pm
Posted on 9/20/24 at 3:15 pm
LINK
quote:
Qualcomm approached Intel about a takeover in recent days, according to a person familiar with the matter.
As of the close on Friday, Intel had a market cap of over $90 billion.
The shares popped in extended trading after the Wall Street Journal was first to report on the potential deal.
3
Posted on 9/20/24 at 4:29 pm to The Egg
Well that would be a tremendous buy if Intel's foundry business truly is seeing the breakthrough like they say they are at 18A.
Granted if they truly are, they probably will not want to sell
Granted if they truly are, they probably will not want to sell
Posted on 9/20/24 at 4:54 pm to The Egg
AMD will put tremendous pressure on FTC to decline such a merger. If there are legs to this it will be interesting to watch play out.
Posted on 9/20/24 at 5:55 pm to The Egg
No way this gets approved. Much smaller deals have been broken up
Posted on 9/20/24 at 5:57 pm to UltimaParadox
quote:
Granted if they truly are, they probably will not want to sell
Their foundry side may be spun off, per another article I read.
quote:
Realistically, there's almost a zero percent chance that a potential deal between Qualcomm and Intel includes the foundry: it's bleeding cash, is on its way towards a spin-off down the road anyway, and Qualcomm has been a happy Taiwan Semiconductor Manufacturing Company Limited (TSM) customer for years. Should an acquisition come to fruition, I imagine it will speed up Intel management's timeline for the spin-off to perhaps sooner than they were expecting. Another possibility is that interest from Qualcomm was already expressed before the emergency shareholder meeting, where Intel decided to make the foundry an independent subsidiary. In that case, that decision might have been setting the stage for an eventual acquisition + carve-out.
source
This post was edited on 9/20/24 at 5:58 pm
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