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With Wall Street seemingly unimpressed with Intel's latest flourishes to its turnaround strategy, including a jumbo deal with Amazon, the chipmaker might eventually conclude that an outright sale is its only viable exit from the current quagmire.
And now, we reportedly have a serious offer that just might tempt Intel. To wit, the Wall Street Journal is now reporting that Qualcomm has approached Intel with a takeover offer.
While the talks remain exploratory for now, any deal would have monumental ramifications for the industry at large. Related Story Intel Arrow Lake-HX Enthusiast Laptop CPU Lineup Leak: Core Ultra 9 285HX Flagship With 24 Cores, Up To 5.5 GHz Clocks Also, given Intel's heft, any takeover deal is quite likely to attract antitrust scrutiny from the authorities.
However, in what can prove to be an effective mitigating force, authorities in the US might judge such a takeover critical for national security purposes, thereby adding a potent tailwind to Qualcomm's purported buyout offer for Intel.