Arm Holdings Plc approached Intel Corp. about potentially buying the ailing chipmaker’s product division, only to be told that the business isn’t for sale, according to a person with direct knowledge of the matter.
In the high-level inquiry, Arm didn’t express interest in Intel’s manufacturing operations, said the person, who asked not to be identified because the discussions were private. Intel has two main units: a product group that sells chips for personal computers, servers and networking equipment, and another that operates its factories.
https://www.bloomberg.com/news/articles/2024-09-27/arm-rejected-by-intel-after-approaching-it-about-buying-product-unit
Posted by s1n0d3utscht3k
12 Comments
Bullish, Intel didn’t need the money
Step 2: hostile takeover
You don’t buy Intel, Intel buys you!
So.. $25 tomorrow?
> Intel has two main units: a product group that sells chips for personal computers, servers and networking equipment, and another that operates its factories.
“We don’t wanna make the chips, we just wanna be the middleman to sell the chips.” Seems like bad news for grandma.
Why would they sell their divisions before seeing if their strategy pays off?
Soon they will operate ASMLs most advanced machines (in the US!) which the product division will take advantage of. Lets see how that pans out.
Who really thought that was going to happen? Their products are making them money, why would they sell that? At least go for something that makes more sense.
ooh let me find out INTC feeling boojie
ARM is afraid of Qualcomm getting Intel’s patents.
Intel should offer to buy ARM in response
Guess their arms weren’t long enought!
Everyone talking about intel, but what I’m taking away is to add more arm.