Intel has been in trouble for a while now but it is just continuing to pile up for the US-based tech giant, which has now got the interest of the US Commerce Department, which is now working through ways of recovery, including a potential merger for the company.
US policymakers are reportedly looking toward a potential merger deal with Intel, that will allow for more sustainable operations of the company. Intel's finances have been on a downward slope for a while now, with big financial injections and US government assistance through the CHIPS Act.
On top of that, Intel CEO Pat Gelsinger ran his mouth and lost a reported 40% discount from semiconductor giant TSMC after remarks about Taiwan and China.
Qualcomm has been circling Intel for a couple of months now, taking the headlines that it was waiting until after the US elections to make a move. US policymakers are reportedly "fine" with the merger, according to "precautionary" talks disclosed in a report you can read about here, which also teases that a deal with native companies, including AMD or Marvell, isn't off the books.
- Read more: Intel 'deal of a lifetime' on buying NVIDIA in 2005 for just $20 billion
- Read more: Qualcomm waiting for 2024 US election results before making move on Intel
- Read more: Qualcomm tried to ninja buy Intel, 'takeover approach' as Intel struggles
- Read more: Intel announces major changes ahead: manufacturing, job cuts, prioritizing x86 CPU business
The US elections are going to be insane as it is, but Intel merging with a company like Qualcomm, Arm, Marvell, or AMD? We're in for a wild ride in the coming weeks and months ahead, making for an explosive CES 2025 in early January 2025..
