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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 ...

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 ...