Qualcomm wants to buy Intel
https://lemmy.today/post/16573058
Sorry, there’s no way Qualcomm is buying Intel
I guess that's covering all the bases.
this post was submitted on 23 Sep 2024
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I was skeptical myself, but after the whole "AOL/Time Warner" thing, nothing surprises me anymore.
Check this out:
Qualcomm:
https://companiesmarketcap.com/qualcomm/marketcap/
#69 Rank
$188.17 B Marketcap
$168.92 Share price
Intel:
https://companiesmarketcap.com/intel/marketcap/
#186 Rank
$93.38 B Marketcap
$21.84 Share price
I mean, it looks like they COULD.
I just don't think, regardless of financial situation, Intel would want to sell even a portion of their business. right now. Everything they've communicated to their shareholders and the public at large signals that despite a recent downturn, they really believe they have a strategy for long-term market dominance.
Not to mention the entire national security angle of intel being the only American chip manufacturer.
Qualcomm is also American.
Whether Intel sells or not is decided by its major shareholders, pending regulatory approval, not Intel's execs or employees. Those shareholders would likely receive shares of Qualcomm which would now include Intel's expected future profits, or cash that they can use to buy Qualcomm shares to capture those profits.
Good points. I guess what I should have more accurately said is that Intel has a long standing working relationship with the American government.
Given that Intel is an asset to national security. I think any sort of buyout would be under intense scrutiny.
I did miss that Qualcomm was also American though, but I still think about it would be treacherous regardless.
Then Qualcomm would become a national security asset. 😂 In fact that alone sounds like a great reason for acquisition. It's not every day that you get a obvious way to become too big/important to fail.
Things don't just become a national security asset that easily, though, a long-standing relationship with trust is something incredibly important.
TIL Qualcomm isn't Chinese.
I want to buy the whole of Switzerland.