Exclusive News For intel Qualcomm has explored buying pieces of Intel chip design business

 

Exclusive News For intel Qualcomm has explored buying pieces of Intel chip design business 






According to two sources familiar with the matter, the company opened a new tab design business to boost its product portfolio and explored the possibility of acquiring portions of Intel.

The people said that the mobile chipmaker was looking at acquiring different pieces of Intel, which was struggling to generate cash and was looking to shed business units and sell off other assets.One of the sources said that they are looking at all of the company's design units, but not Intel's client PC design business.

A source with knowledge of Qualcomm's operations said that the server segment of Intel would not make sense for the company to acquire.

An Intel spokeswoman said that Qualcomm has not approached Intel about a potential acquisition. The spokesman for Intel said that the company is "deeply committed" to the PC business.The company didn't want to comment.

The $184 billion Qualcomm, which counts Apple as a customer, has been working on plans to buy parts of Intel for months. According to the sources, the interest and plans of Qualcomm have not been finalized.





The two sources were not authorized to speak publicly about the matter.In the second quarter of this year, Intel had a 15% reduction in staff and stopped paying dividends. Executives are trying to figure out how to fund the company's manufacturing plans.The PC client business revenue fell last year due to weakness in the market.

Once known for it's "Intel Inside" marketing campaign, Intel’s client group makes laptop and desktop chips used in machines around the world. Executives have said the introduction of artificial intelligence PCs will drive consumers to upgrade their computers and generate more sales.Qualcomm generated $35.82 billion in overall revenue in its last fiscal year.

Earlier this week Intel launched a new PC chip called Lunar Lake that its executives said offers superior performance for AI applications. Taiwan Semiconductor Manufacturing Co. (2330.TW), opens new tab fabricated significant portions of the chips, which Intel historically did in-house.

Intel's board is set to meet next week to weigh a proposal from Intel CEO Pat Gelsinger and other executives on how to trim its operations in an attempt to save cash. Potential options include a sale of its programmable chip unit, Altera, Reuters reported.

                           


Comments

Post a Comment

Popular posts from this blog

Smartphone Updating

Image
These 4 things change as soon as you update your smartphone, be careful if you ignore them Smartphone: By updating your smartphone, your experience becomes much better, however, ignoring it can also spoil your phone. Some smartphone users do not update the software in the phone. If you also ignore smartphone updates, then doing so can damage your device. Not updating the software for a long time can cause major problems in your phone. Users are not aware of this. In such a situation, today we are going to tell you what problems arise due to not updating the phone. If you have not been updating your smartphone's software for a long time and are ignoring it, then keep in mind that this can cause your smartphone's motherboard to blow up and stop working completely, after which your smartphone will not work for any reason. It will not be of any use and neither can you start it nor can you use it for calling and messaging. lagging problem The problem of lagging is seen in your smart...
Read more

Artificial Intelligence

Image
  Google parent company Alphabet joins $2 trillion club, results show the power of artificial intelligence The stock rose 10% on Friday, its biggest one-day gain since July 2015, adding nearly $200 billion to the company's market value. Alphabet Inc. The stock market surpassed $2 trillion for the first time on Friday as strong earnings data reassured investors that Google's parent company would be a surprise in terms of wisdom. The stock rose 10% to $171.95; This was its biggest one-day gain since July 2015, with a market cap of $2.15 trillion. The result added nearly $200 billion to the company's market value, making it one of the largest single-day gains in company history. Shares are up 23% this year compared to the Nasdaq 100's gain of 5.3%. The company reached the $2 trillion milestone by generating revenue by leveraging the power of the air force. The growth of artificial intelligence is driving demand for the cloud, and Alphabet encouraged investors by announcing...
Read more