Qualcomm's plans to acquire Intel have reportedly "cooled down," as the San Diego chipmaker worries about the deal's financial and regulatory hurdles.
Intel-Qualcomm Merger Deal May Not Proceed As Plans, Amid The Massive Financial & Regulatory Concerns The rumor mill surrounding Intel's financial takeover has been swirling over the internet ever since Team Blue reported a "sluggish" performance, especially given its economic situation.
Multiple companies, such as ARM and Qualcomm, popped up as potential buyers for Intel, but the latter party seemed more interested than ever, especially after Qualcomm's CEO himself verified the ongoing deal talks.
However, now, in a report by Bloomberg, it is claimed that Qualcomm has reduced its talks, citing issues with the overall acquisition. Related Story Intel Secures Around $8 Billion In New CHIPS Act Grants, Potentially Leading To a Financial RevivalWhile a Qualcomm x Intel partnership may work out pretty well, it is important to note that such a vast acquisition isn't as simple as it may seem, given that such a deal is associated with several concerns.
First and foremost, Intel is rumored to have mounted a debt of up to $50 billion, almost half of what Qualcomm is worth. So, with the deal, the San Diego chipmaker would need to pull off a financial miracle to sustain itself and the businesses.