Key TakeawaysIntel shares will likely remain in the spotlight on Monday following reports of an acquisition approach by Qualcomm and a possible $5 billion investment from asset manager Apollo Global Management.Since gapping sharply lower in early August, Intel shares appear to be carving out a double bottom, a classic chart pattern that signals a potential trend reversal.Friday’s rally occurred on the highest trading volume since an early August gap, suggesting healthy buying conviction behind the move.Inve ...

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Chipmaker Qualcomm is trying to buy rival Intel, according to multiple reports.The Wall Street Journal first broke the news late Friday that Qualcomm had approached Intel about a takeover. The New York Times then corroborated the story, while also saying no official offer has been made. Even if there is an offer, it’s not clear whether Intel would accept it or if regulators would approve. (Neither Qualcomm nor Intel immediately responded to TechCrunch’s request for comment.)Once the industry leader, Intel ...

In this articleINTCNVDAIntel CEO Patrick Gelsinger speaks at the Intel Ocotillo Campus in Chandler, Arizona, on March 20, 2024. Brendan Smialowski | AFP | Getty ImagesIt was quite a week for Intel.The chipmaker, which has lost over half its value this year and last month had its worst day on the market in 50 years after a disappointing earnings report, started the week on Monday by announcing that it's separating its manufacturing division from the core business of designing and selling computer processors. ...

Partnerships don't fix everything, but they can help with a broken narrative.It can pay to have rich friends.This is especially true when that friend runs the largest cloud computing business in the world and you are a manufacturer of computer chips. That is why Intel (INTC 3.31%) stock soared after the company announced a new partnership with Amazon (AMZN 0.91%) for custom chip designs for its Amazon Web Services (AWS) subsidiary.Intel stock shot up from around $19 to $21 on this news, stemming painful los ...

Core Viewpoint - Intel is at a critical juncture as it navigates declining valuation and business struggles, with a potential takeover by Qualcomm being considered amidst significant operational changes, including layoffs and the establishment of an independent subsidiary for its foundries [1][2]. Group 1: Takeover and Market Position - Qualcomm has approached Intel regarding a potential takeover, which could provide financial support but may also face antitrust scrutiny due to the current political climate [2]. - Intel's foundry business is under scrutiny, which could jeopardize its access to billions in funding from the CHIPS and Science Act [2][3]. - The Biden Administration's skepticism towards mergers could complicate any potential deal between Qualcomm and Intel [2]. Group 2: Business Strategy and Independence - Intel plans to create an independent subsidiary for its foundries to unlock value, as this segment has been incurring substantial losses [5]. - This independence would allow Intel's foundries to compete more effectively against companies like GlobalFoundries, TSMC, and Samsung, alleviating concerns about being tied to the volatile CPU market [5]. - Following the announcement of these changes, Intel's stock rose by 8% [5]. Group 3: Competitive Landscape and Challenges - Intel's dual role as both a chip designer and manufacturer has historically caused hesitation among potential customers, as they may be wary of competition [5][6]. - The company's focus on CPUs rather than GPUs has hindered its relevance in the AI sector, where competitors like Nvidia are thriving [6]. - Intel's past missteps, such as missing the mobile chip revolution, have led to significant losses in market share, exemplified by Apple's shift to in-house chip design [9]. Group 4: Collaboration with Amazon - Intel announced plans to produce AI fabric chips for Amazon Web Services, which could enhance its position in the AI market [8]. - However, doubts persist regarding the effectiveness of this collaboration, as Amazon already develops its own chips and continues to purchase from Nvidia [8].

Qualcomm has approached fellow US chipmaker Intel in recent days about a possible takeover, the Wall Street Journal reported Friday.Intel has suffered a string of setbacks in recent years, and a Qualcomm acquisition would be a big deal for the global chip market. The report cited people familiar with the matter, who cautioned that a takeover is far from certain at this point. The magnitude of the deal would likely be scrutinized by antitrust regulators, as it would mean fewer competitors in the PC chip spac ...

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Key TakeawaysA late-Friday report that Qualcomm recently made a "takeover approach" to Intel sent the latter company's shares higher.Investors in Intel have read a raft of reports about possible M&A activity this week, with the company seemingly taking some options off the table.Intel shares have lost more than half their value since the start of the year amid concerns about the chipmaker's ability to turn around the business. Shares of chipmaker Intel (INTC) popped in extended trading Friday, pulled higher ...

Qualcomm is reportedly interested in a buyout.There's no end to the excitement for Intel (INTC 3.31%), it seems. After shares surged earlier this week on a partnership with Amazon and a $3 billion contract with the Defense Department, they jumped again late Friday on reports that Qualcomm (QCOM -2.88%) had approached its rival about a possible takeover, showing the struggling semiconductor company could be in play.Intel stock closed up 3.3% on the news, after jumping as much as 9.5% when the story first bro ...