Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter.Intel’s shares reversed course to rise 8%, while Qualcomm fell 4% in afternoon trade.Qualcomm recently approached Intel about a takeover, according to a report. REUTERSIntel has been attempting to turn its business around by focusing on its chip foundry unit and artificial intelligence processors, but its shares have plummeted in recent months as it cut jobs ...

Qualcomm approached Intel about a takeover in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel shares rose 8% on the report. The deal, if it were to happen, would be one of the largest technology mergers in years. Intel has a market cap around $96 billion.It would cap off a dire stretch for Intel. The company's stock had its biggest one-day drop in over 50 years in August after the firm reported disappointing earnings. Intel stock is down 53% in 2024 as ...

Investors should take a closer look at the chipmaker after its latest strategic pivot.The brutal sell-off in Intel (INTC -2.91%) stock may finally be over. The stock seems to have resurged on news that the company plans to turn its foundry business into a subsidiary. It also expanded its deal with Amazon, inking a new agreement to produce artificial intelligence (AI) chips for Amazon Web Services (AWS). That could transform it into a major player in the AI server chip market.Nonetheless, considering the sto ...

Collaboration to Catalyze Innovation in Artificial Intelligence (AI) and Quantum Computing, Starting with Historically Black Colleges and Universities (HBCUs)WASHINGTON, Sept. 20, 2024 /PRNewswire/ -- Flapmax, in collaboration with Intel, today announced the launch of the Quantum AI Challenge, an initiative designed to foster innovation and collaboration among Historically Black Colleges and Universities (HBCUs). The challenge invites students, faculty, and researchers to solve real-world problems using qua ...

Intel is finally pushing the pause button on its multi-billion-dollar expansion plans.Fool.com contributor Parkev Tatevosian elaborates on what this recent news could mean for Intel (INTC 1.78%) stock investors.*Stock prices used were the afternoon prices of Sept. 17, 2024. The video was published on Sept. 19, 2024. ...

A spinoff could help propel Intel's stock higher.With its shares trading down more than 57% so far in 2024 while the S&P 500 is up roughly 18%, it's pretty clear that Intel (INTC 1.78%) is having a difficult year.Much of Intel's struggle is tied to its floundering foundry business. This business manufactures semiconductor chips for itself as well as for other chipmakers, and it is a rival to Taiwan Semiconductor Manufacturing. Intel started the unit in 2021 to help revive its overall business, but since the ...

Key TakeawaysIntel said it will not sell its majority stake in self-driving technology firm Mobileye.Selling part or all of Mobileye could have raised some capital as part of Intel's larger turnaround plans.Shares of Intel have lost more than half their value this year but are up this week following an update from CEO Pat Gelsinger. Intel (INTC) said Thursday it has no plans to sell its majority stake in self-driving technology firm Mobileye (MBLY), ruling out one potential cost-saving option for the beleag ...

Intel won't sell Mobileye. What's more, it probably shouldn't sell Mobileye (and neither should you).Thursday is looking like a great day to own stocks, and tech stocks in particular -- especially tech stocks tied to autonomous cars. If you own shares of Mobileye (MBLY 17.53%) or Alphabet (GOOG 2.05%) (GOOGL 1.97%) today, you have Intel (INTC 2.70%) to thank for it.Oh, sure. A lot of stocks gaining today are gaining on the back of a 50-basis-point interest rate cut by the Federal Reserve yesterday. That's o ...

Intel said it has no plans in divesting its majority stake in the autonomous driving companyMobileye Global Inc (NASDAQ:MBLY) is near the top of the Nasdaq Composite (IXIC) today, and that's saying something considering the broad-market burst from tech stocks this morning. The autonomous driving company got some relief after Intel (INTC) -- which owns a majority stake in Mobileye -- said it had no plans to divest its stake. There were concerns among investors after a Bloomberg report earlier in September in ...

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool recommends Intel and recommends the following options: short November 2024 $24 calls on Intel. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you ...