Although several sources claimed in September that Qualcomm was seriously considering the acquisition of some of Intel’s divisions or even the company as a whole, the mood has now calmed down somewhat, and the company put the plan on ice, Bloomberg wrote at the beginning of the week.
According to the newspaper, Qualcomm, which specializes primarily in smartphone system processors and wireless signal processing processors, was dissuaded from the acquisition by the complexity of the process, which would have been accompanied by serious competition law concerns on the part of other players in the sector and competition authorities globally.
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According to Bloomberg’s sources, however, it is still not ruled out that the two processor manufacturers will sit down at the negotiating table again in the future, although the parties have not even officially confirmed the fact of soft intrusions in September.
According to the first rumors, Qualcomm, which does not have its own factories, was mostly interested in Intel’s division that develops processors built into clients, i.e. PCs, which was forced to face a serious drop in turnover in recent quarters due to the stagnation of the PC market.
This only added to Intel’s years-long suffering of gradual technological backwardness linked to bad management decisions, which culminated in the company’s extremely poor business results reported in its last quarter and the announcement of the layoff of 15% of the workforce at the end of August.
Source: www.hwsw.hu
