Chip giant Qualcomm (QCOM) reportedly approached fellow semiconductor manufacturer Intel (INTC) about a possible takeover bid, according to the Wall Street...
The Wall Street Journal reporting that Qualcomm approached Intel about a takeover.We don't know what the price tag would potentially be.In this particular case, we don't know if the two parties are still in discussions again.It looks like, um, in this situation, however, what we do know is that Intel has been struggling and figuring out how to remake its business.Yeah, it's interesting.
In fact, we had financial analysts on the show who were questioning whether Gelsinger was even the right guy.Of course, when you see a headline that like this, too, you also immediately think about how regulators will possibly react.Trustbusters in Washington recently don't really love big tech making moves like this so that that's another certainly definitely something to to consider.Qualcomm's current market value around $190 billion.
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