Qualcomm approached Intel about a takeover in recent days

Friday, September 20, 2024

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. Intel 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, suspended its dividend and faced a high-profile board member resignation.

Posted by GalaxiePete at 04:25 PM | 3 COMMENTS | permalink | Comment on This Entry |

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Intel had one design back in the 1980's that captured the market.

It's been milking that cow for all this time. What a waste.

Even IBM transformed itself.

#1 | Posted by oneironaut at 2024-09-20 05:15 PM | Reply

... Qualcomm made a takeover approach to chipmaker Intel in recent days ...

With the AI data centers moving largely towards NVidia for there computing needs, Intel's large cash cow, i.e., server chips) was starting to dry up.

That, coupled with the Microsoft-Intel duopoly in the PC desktop market and finally some good competition from AMD, Intel was being squeezed from too many directions.

In some respects I agree with #1. Intel was too focused upon "more of the same," albeit better of the same, and not focused enough of change.

#2 | Posted by LampLighter at 2024-09-21 12:34 PM | Reply | Newsworthy 1

Intel has been floundering for several years. Poor leadership without a vision for the future. They have attempted to get back on track for the last couple but it will take time. As for NVidia, Intel never really "got it" with video card processors this is a lot of the root technologies that drive the AI chips NVidia is making. While AMD bought their way in. Intel and Nvidia also excelled at the software side. This is something AMD never fixed. Their software remains sub-par.

#3 | Posted by GalaxiePete at 2024-09-23 08:48 AM | Reply