NEW YORK: Qualcomm has explored the potential of buying parts of Intel‘s design enterprise to spice up the corporate’s product portfolio, in line with two sources aware of the matter.
The cell chipmaker has examined buying completely different items of Intel, which is struggling to generate money and trying to shed enterprise models and unload different belongings, the folks mentioned.
Intel’s consumer PC design enterprise is of serious curiosity to Qualcomm executives, one of many sources mentioned, however they’re all the firm’s design models.
Different items of Intel such because the server phase would make much less sense for Qualcomm to accumulate, one other supply with data of Qualcomm’s operations mentioned.
Qualcomm has not approached Intel a few potential acquisition, an Intel spokesperson mentioned. Intel is “deeply dedicated to our PC enterprise,” the spokesperson mentioned.
Qualcomm declined to remark.
Shares of Qualcomm slid as a lot as 1.3 per cent and Intel rose 1 per cent in US pre-market buying and selling on Friday.
The $184 billion Qualcomm, which is understood for chips present in smartphones and counts Apple as a buyer, has been engaged on plans to purchase items of Intel for months. Qualcomm’s curiosity and plans haven’t been finalized and will change, in line with the sources.
The 2 sources declined to be named as they weren’t approved to debate the matter publicly.
Intel reported a disastrous second quarter final month, which included a 15 per cent discount in its workers and a pause on paying dividends. Executives are grappling with the best way to proceed to fund the corporate’s manufacturing plans and generate money.
Its PC consumer enterprise income dropped 8 per cent to $29.3 billion final 12 months, amid general weak spot within the PC market.
As soon as recognized for its “Intel Inside” advertising marketing campaign, Intel’s consumer group makes laptop computer and desktop chips utilized in machines around the globe. Executives have mentioned the introduction of synthetic intelligence PCs will drive customers to improve their computer systems and generate extra gross sales.
Qualcomm generated $35.82 billion in general income in its final fiscal 12 months.
Earlier this week, Intel launched a brand new PC chip referred to as Lunar Lake that its executives mentioned presents superior efficiency for AI functions. Taiwan Semiconductor Manufacturing Co. fabricated vital parts of the chips, which Intel traditionally did in-house.
Intel’s board is about to fulfill subsequent week to weigh a proposal from Intel CEO Pat Gelsinger and different executives on the best way to trim its operations in an try to avoid wasting money. Potential choices embrace a sale of its programmable chip unit, Altera, Reuters reported.
The cell chipmaker has examined buying completely different items of Intel, which is struggling to generate money and trying to shed enterprise models and unload different belongings, the folks mentioned.
Intel’s consumer PC design enterprise is of serious curiosity to Qualcomm executives, one of many sources mentioned, however they’re all the firm’s design models.
Different items of Intel such because the server phase would make much less sense for Qualcomm to accumulate, one other supply with data of Qualcomm’s operations mentioned.
Qualcomm has not approached Intel a few potential acquisition, an Intel spokesperson mentioned. Intel is “deeply dedicated to our PC enterprise,” the spokesperson mentioned.
Qualcomm declined to remark.
Shares of Qualcomm slid as a lot as 1.3 per cent and Intel rose 1 per cent in US pre-market buying and selling on Friday.
The $184 billion Qualcomm, which is understood for chips present in smartphones and counts Apple as a buyer, has been engaged on plans to purchase items of Intel for months. Qualcomm’s curiosity and plans haven’t been finalized and will change, in line with the sources.
The 2 sources declined to be named as they weren’t approved to debate the matter publicly.
Intel reported a disastrous second quarter final month, which included a 15 per cent discount in its workers and a pause on paying dividends. Executives are grappling with the best way to proceed to fund the corporate’s manufacturing plans and generate money.
Its PC consumer enterprise income dropped 8 per cent to $29.3 billion final 12 months, amid general weak spot within the PC market.
As soon as recognized for its “Intel Inside” advertising marketing campaign, Intel’s consumer group makes laptop computer and desktop chips utilized in machines around the globe. Executives have mentioned the introduction of synthetic intelligence PCs will drive customers to improve their computer systems and generate extra gross sales.
Qualcomm generated $35.82 billion in general income in its final fiscal 12 months.
Earlier this week, Intel launched a brand new PC chip referred to as Lunar Lake that its executives mentioned presents superior efficiency for AI functions. Taiwan Semiconductor Manufacturing Co. fabricated vital parts of the chips, which Intel traditionally did in-house.
Intel’s board is about to fulfill subsequent week to weigh a proposal from Intel CEO Pat Gelsinger and different executives on the best way to trim its operations in an try to avoid wasting money. Potential choices embrace a sale of its programmable chip unit, Altera, Reuters reported.
