The chip saga continues. Qualcomm has made an offer to acquire Intel, according to a report by WSJ, citing its sources. The offer was made a few days ago, in mid-September 2024. Interestingly, Qualcomm decided to takeover its chip rival instead of buying some portions of Intel's assets.

Details of the potential deal have not been disclosed yet, but Intel's market value exceeds $87 billion. If the acquisition goes through, it would become one of the largest in history.

This news comes as Intel is in deep financial trouble. Corporation is bleeding money and the damage can't be called small. The company's net loss for the second quarter of this year was $1.61 billion, with company executives acknowledging that its financial results are disappointing.

In August 2024, Intel's leadership announced plans to lay off more than 15,000 staff members as part of a global restructuring strategy aimed at overcoming the crisis, which is expected to cut costs by more than $10 billion.

Main image: alphacoders.com

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