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☆ Qualcomm has good reasons to bid for Intel — but a takeover probably won't happen
▼ + stars: | 2024-09-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Read previewIf Qualcomm sees it through, its takeover bid of Intel would likely be the biggest in Silicon Valley history. The possibility of Intel handing its 56-year history over to a younger rival emerged last week after several reports said that California-based semiconductor firm Qualcomm had made a takeover approach. That said, not everyone is convinced that Qualcomm needs Intel — or that a buyout would be a good idea for either company. My industry survey also indicates that Qualcomm is currently in takeover talks with Intel. A Qualcomm bid for Intel could face similar regulatory obstacles to the takeover attempt Nvidia made for Arm in 2020 and later abandoned in 2022.

Persons: —, Qualcomm's, Pat Gelsinger, Patrick Moorhead, Richard Windsor, Chi Kuo, 錤, Qualcomm Organizations: Service, Qualcomm, Intel, Business, Nvidia, Financial Times, CNBC, Amazon Web, Intel Foundry, Radio Free Mobile, International Securities, Microsoft, Bloomberg Locations: Silicon Valley, California, Europe, Taiwan

☆ Biggest impediment to any acquisition for Intel is regulatory approval, says Wolfe's Chris Caso
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiggest impediment to any acquisition for Intel is regulatory approval, says Wolfe's Chris CasoChris Caso, Wolfe Research senior analyst, joins 'Squawk Box' to discuss the various interest in Intel, what to make of Qualcomm's potential takeover and Apollo's investment in the company, the challenges facing Intel, and more.

Persons: Wolfe's Chris Caso Chris Caso Organizations: Intel, Wolfe Research

☆ Qualcomm acquiring Intel is a pipe dream: Mizuho Americas' Jordan Klein
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQualcomm acquiring Intel is a pipe dream: Mizuho Americas' Jordan KleinJordan Klein, tech sector specialist at Mizuho Americas, joins 'The Exchange' to discuss the rumors of a Qualcomm takeover of Intel, Intel's future, and more.

Persons: Jordan Klein Jordan Klein Organizations: Qualcomm, Intel, Mizuho Americas Locations: Mizuho Americas

☆ US intel says AI is boosting, but not revolutionizing, foreign efforts to influence the 2024 elections
▼ + stars: | 2024-09-23 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

“The (US intelligence community) considers AI a malign influence accelerant, not yet a revolutionary influence tool,” an ODNI official told reporters. Iran, for example, has used AI to generate content in Spanish about immigration, which Tehran perceives as a divisive US political issue, the ODNI official said. Russia has generated the most AI content related to the US election of any foreign power, according to the ODNI official. Foreign operatives have also embraced plenty of old-school influence techniques this election cycle, such as staging videos rather than generating them with AI. This isn’t the first general US election where foreign powers have considered deploying AI capabilities.

Persons: “, Donald Trump’s, Kamala Harris ’, Harris, Donald Trump, ” Organizations: CNN, National Intelligence, Foreign, Microsoft, Ukraine Locations: Russia, Iran, Tehran, Israel, Gaza, China, San Francisco, Russian

☆ Intel is in talks to get an investment of up to $5 billion from Apollo, report says
▼ + stars: | 2024-09-23 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Apollo Global Management is in talks to invest up to $5 billion into Intel, Bloomberg reports. It follows a separate report that Qualcomm approached Intel about a potential takeover. Go to newsletter preferences Thanks for signing up! AdvertisementIntel could be getting a capital injection of up to $5 billion from asset management powerhouse Apollo Global Management, Bloomberg reported on Sunday. According to the report, the "equity-like" investment is still under discussion, and no deal has been finalized.

Persons: — Organizations: Apollo Global Management, Intel, Bloomberg, Qualcomm, Service, Business

☆ Qualcomm buying Intel would be a 'horrible decision,' says Harvest's Paul Meeks
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQualcomm buying Intel would be a 'horrible decision,' says Harvest's Paul MeeksPaul Meeks, Harvest Portfolio Management CIO, joins 'Money Movers' to discuss how the future of AI will impact the markets, a potential Qualcomm takeover of Intel, and more.

Persons: Harvest's Paul Meeks Paul Meeks Organizations: Qualcomm, Intel

☆ Qualcomm buying Intel doesn't make sense, Wall Street's top chip analyst says
▼ + stars: | 2024-09-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +1 min

Qualcomm is reportedly interested in acquiring Intel, but analysts are skeptical. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But one of Wall Street's most heeded chip luminaries has waded in, and he's largely not in favor.

Persons: —, Stacy Rasgon Organizations: Qualcomm, Intel, Service, Business

☆ 6 things from my San Francisco trip reveal which stocks are AI winners
▼ + stars: | 2024-09-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Almost everyone else seems to want to deploy AI in some meaningful way but don't seem to know how. It's available on HP 's AI personal computers right now but hasn't really attracted a lot of interest yet — good for Club company Best Buy 's forward earnings. For some companies, companies like CVS , this is a no brainer. One that can build things or get things or just give you a cup of your coffee. I don't know what will happen to people who are doing this now.

Persons: Jensen Huang, Marc Benioff, Copilot, hasn't, Uber, San Francisco —, Amazon's, Benioff, Benioff's, Agentforce, Tesla, Elon, Donald Trump, Pat Gelsinger, gunning, Lisa Su, Jensen, Su, wasn't, Nvidia's Blackwell, Blackwell, Mike Sievert, Jim Cramer's, Jim Cramer, Jim, Carlos Barria Organizations: Microsoft, Club, Nvidia, Oracle, HP, Devices, AMD, Saks Fifth, CVS, Siemens, Starbucks, Intel, Qualcomm, Arm Holdings, Enterprise, Constellation Energy, GE Vernova, Apple, Mobile, Jim Cramer's Charitable, CNBC Locations: San Francisco, Atlanta, Austin , Texas, Dreamforce, bailiwick, Eaton, Dover, California

☆ Why this top fund manager says the best investment this year is 'the hedge against political cycles'
▼ + stars: | 2024-09-21 | by ( Emily Glass | ) www.cnbc.com time to read: +2 min

A major exchange-traded fund and mutual fund manager finds the winning gold trade isn't talked about as much as the artificial intelligence trade — but maybe it should be. VanEck CEO Jan van Eck thinks the best investment this year is "the hedge against political cycles." But as of Friday, the VanEck Gold Miners ETF has started to outperform, up 31% this year. As for the AI trade, van Eck says it's "amazing" how investors refuse to give up on it. It's a companion to its VanEck Semiconductor ETF that excludes companies that run their own foundries, such as Intel .

Persons: isn't, Jan van Eck, Van Eck, CNBC's, Gold, van Eck Organizations: Gold Miners, Semiconductor, VanEck Semiconductor, Intel, Nvidia, Broadcom, Devices Locations: Huntington Beach

☆ The Hezbollah pager attacks reveal a textbook covert operation, ex-spies say
▼ + stars: | 2024-09-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementThe chaos and carnage began on Tuesday when pagers used by Hezbollah members started beeping before they exploded en masse across Lebanon. A photo taken on September 18 in Beirut's southern suburbs shows the remains of exploded pagers. AFP via Getty ImagesThe back-to-back attacks killed at least 30 people and injured some 3,000 more, including Hezbollah fighters, and overwhelmed local hospitals. Hezbollah, Lebanon, and Iran all blamed Israel for the deadly attacks. Israel Defense Forces/Handout via REUTERSThe pager and walkie-talkie attacks were certainly disruptive and would have made Hezbollah vulnerable to immediate Israeli military action, experts say.

Persons: —, Avi Melamed, pagers, beeping, Israel, Hassan Nasrallah, Douglas London, Yoav Gallant, Bruce Hoffman Organizations: Service, Business, Getty, AFP, intel, American University of, American University of Beirut Medical Center, Anwar AMRO, ANWAR AMRO, CIA, of American Intelligence, Israel Defense Forces, Israeli, Council, Foreign Relations Locations: Lebanon, Iran, Beirut's, AFP, Israel, Baalbek, American University of Beirut, London

☆ Intel and Qualcomm: This 'odd' couple won't solve America's chipmaking woes
▼ + stars: | 2024-09-21 | by ( Alistair Barr | ) www.businessinsider.com time to read: +10 min

Or maybe South Korea, where Samsung has built an impressive so-called foundry business making semiconductors for other companies. AdvertisementThe US company took a major step recently when it separated its Foundry business from its chip-design business. Intel's Foundry business won't really be able to challenge TSMC until it gets several big customers. Intel's Foundry business just needs way more of these customers. How would Intel's Foundry business perform as a separate company, split off from the design parts?

Persons: —, Jerry Sanders, Ian King, TSMC, Globalfoundries, it's, AMD's Sanders, Apple, Ian King's, Raimondo, Gina Raimondo, Bernstein, Stacy Rasgon, that's, Rasgon Organizations: Service, Business, Intel, Samsung, Nvidia, Qualcomm, AMD, Apple, Reuters, TSMC, Foundry, Intel's Foundry, CNBC, Amazon Web Services, Microsoft Locations: Taiwan, South Korea, China, Europe

☆ Intel's wild week leaves Wall Street more uncertain than ever about chipmaker's future
▼ + stars: | 2024-09-21 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

The rally provides little relief to CEO Pat Gelsinger, who has had a tough run since taking the helm in 2021. Intel CEO Pat Gelsinger speaks while showing silicon wafers during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. That prospect would be more palatable to Wall Street if Intel's core business was at the top of its game. Microsoft CEO Satya Nadella said in February that it would use Intel to produce a chip, but didn't provide details. U.S. President Joe Biden listens to Intel CEO Pat Gelsinger as he attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022.

Persons: Patrick Gelsinger, Brendan Smialowski, Pat Gelsinger, Seth Wenig, Gelsinger, CNBC's Jon Fortt, Intel hasn't, Fortt, Satya Nadella, Joe Biden, Joshua Roberts Organizations: Intel, AFP, Getty, CNBC, Qualcomm, Nvidia, AP, U.S, Taiwan Semiconductor Manufacturing Company, Samsung, Apple, Microsoft, Intel Foundry Locations: Chandler , Arizona, New York, Silicon Valley, Poland, Germany, Malaysian, New Albany , Ohio, U.S

☆ America's fallen tech giant Intel is facing a crossroads
▼ + stars: | 2024-09-20 | by ( Helen Li | ) www.businessinsider.com time to read: +6 min

Read previewThe chip giant Intel could be at a crossroads as it figures out its next steps amid its declining valuation and struggling business. AdvertisementThe foundry side of Intel's business could also be in question, putting its billions in CHIPS and Science Act funding in jeopardy. Related storiesPreviously, Qualcomm had explored buying pieces of Intel's design business, Reuters reported. Intel's foundries would be expected to compete more against companies like GlobalFoundries, TSMC, and Samsung. The expanded collaboration between the two tech companies helps give more confidence about Intel capturing the AI boom, Rasgon said.

Persons: —, Pat Gelsinger, Biden, Logan Purk, Edward Jones, Purk, Dan Morgan, There's, Intel's, Morgan, Lisa Su's, Stacy Rasgon, Rasgon Organizations: Service, Intel, Qualcomm, Wall Street, Amazon, Business, Biden Administration, Reuters, Samsung, Nvidia, AMD, Bernstein Research, Amazon Gelsinger, Amazon Web Services, Apple Locations: American, Synovus, Abu Dhabi

Meanwhile, Morgan Stanley downgraded PepsiCo to equal weight. 7 a.m.: FedEx could slide more than 30% as 'structural challenges' are here to stay, Morgan Stanley says Morgan Stanley analyst Ravi Shanker downgraded FedEx to underweight from equal weight after the shipping company's earnings came in below expectations. — Pia Singh 6:33 a.m.: E-commerce stock MercadoLibre has more than 18% upside, according to Morgan Stanley Morgan Stanley is bullish on Argentine e-commerce firm MercadoLibre . — Pia Singh 5:49 a.m.: Evercore ISI hikes Amazon price target Evercore ISI is betting big on Amazon's streaming service. — Pia Singh 5:49 a.m.: Morgan Stanley downgrades PepsiCo Don't expect PepsiCo shares to make much headway going forward, according to Morgan Stanley.

Persons: Morgan Stanley, Ravi Shanker, Shanker, — Pia Singh, Morgan Stanley Morgan Stanley, Andrew Ruben, Ruben, Morgan Stanley downgrades ASML, ASML, Lee Simpson, Simpson, Mark Mahaney, Mahaney, Andy Jassy, Dara Mohsenian, OSG, Mohsenian, Fred Imbert Organizations: CNBC, ISI, PepsiCo, FedEx, Semiconductor, Intel, NBA, Amazon Prime, Amazon, Pepsi Locations: FedEx's, Argentine, Argentina, Netherlands, China, Thursday's

☆ Intel jumps after WSJ reports Qualcomm approached the struggling chipmaker about a deal
▼ + stars: | 2024-09-20 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

Qualcomm could sell parts of Intel to other buyers to get any deal done, the newspaper added. Intel mostly sells chips for PCs and data center servers, although Nvidia's GPUs have made serious inroads into this lucrative data center business. An "odd" fitSemianalysis chief analyst Dylan Patel said Qualcomm and Intel would be an "odd" fit. "Furthermore, Qualcomm has no ability to turn around the data center business, which is the most important one," he continued. The company's revenue has declined in recent years while rivals like Nvidia, TSMC, and Broadcom are riding the artificial intelligence wave to new heights.

Persons: —, Apple iPhones, Dylan Patel, Patel, Pat Gelsinger, Gelsinger Organizations: Service, Qualcomm, Intel, Wall Street, Business, Nvidia, Apple, Intel's Foundry, TSMC, Broadcom, Amazon Web Services, Gaudi, AMD, UXL, Google

Qualcomm recently approached struggling chipmaker Intel about a takeover, CNBC has confirmed. Intel shares initially popped on the news before closing up about 3%, while Qualcomm shares fell about 3% at the close. Intel shares are down 53% this year as investors express doubts about the company's costly plans to manufacture and design chips. Intel has also missed out on the artificial intelligence boom that's captured the attention of Wall Street. Intel was unsuccessful with its attempted acquisition of Tower Semiconductor, as was Qualcomm in its bid to acquire NXP Semiconductor.

Persons: Patrick Gelsinger, Trump Organizations: Qualcomm, Intel, CNBC, Taiwan Semiconductor Manufacturing Company, Samsung, Nvidia, Tower Semiconductor, NXP Semiconductor, Broadcom, Federal Trade Commission Locations: China, Singapore, Europe, Asia

☆ Intel shares climb after reports Qualcomm approached Intel about a takeover
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel shares climb after reports Qualcomm approached Intel about a takeoverPatrick Moorhead, Moor Insights & Strategy CEO, joins 'Closing Bell Overtime' to talk recent reports that Qualcomm approached Intel about a takeover.

Persons: Patrick Moorhead Organizations: Intel, Qualcomm, Moor

☆ Report: Qualcomm has approached Intel about a takeover
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReport: Qualcomm has approached Intel about a takeoverCNBC's Jon Fort joins 'Closing Bell' with some breaking news about Qualcomm and Intel.

Persons: Jon Fort Organizations: Qualcomm, Intel

☆ Stocks making the biggest moves midday: Tesla, Mobileye Global, Darden Restaurants and more
▼ + stars: | 2024-09-19 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Tech stocks — Key tech names rallied a day after the Federal Reserve's supersized rate cut decision. Coursera — The online education platform jumped more than 8% on the back of Bank of America's initiation at a buy rating. Uber shares rose 3%. NextEra Energy Partners — The stock rose more than 3% on the heels of Jefferies initiating coverage with a buy rating. Crypto stocks — Stocks tied to bitcoin's price climbed as the cryptocurrency moved more than 4% higher following the Fed's rate cut on Wednesday.

Persons: Tesla, Meta, Coursera, Uber, DoorDash, Jefferies, Stocks, MicroStrategy, Alibaba, Alex Harring, Samantha Subin, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Tech, Federal, Nvidia, Therapeutics, Intel, Bank of, Darden, DoorDash, NextEra Energy Partners, JPMorgan Locations: Mobileye, Olive

☆ Anti-Defamation League joins discrimination lawsuit against Intel
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnti-Defamation League joins discrimination lawsuit against IntelAnti-Defamation League CEO Jonathan Greenblatt joins 'Squawk Box' to discuss the organization's decision to join an employee discrimination lawsuit against Intel, antisemitism in campus, and more.

Persons: Jonathan Greenblatt Organizations: Defamation League, Intel Anti, Defamation, Intel

☆ Anti-Defamation League suing Intel, its first-ever discrimination case against major American company
▼ + stars: | 2024-09-19 | by ( Alexandra Ferreyros | Cnbc Intern | ) www.cnbc.com time to read: +5 min

For the first time in its century-plus history, the Anti-Defamation League is suing a Fortune 500 company, Intel , joining a case brought by the law firm of Wigdor on behalf of a former Israeli employee of the technology firm. Intel has operated in Israel for 50 years, where it has invested more than $50 billion, and remains one of Israel's largest private employers with more than 11,700 Israeli employees. The company estimated $8.7 billion in exports from its Intel operations, accounting for 5.5% of Israel's high-tech exports and 1.75% of the country's GDP, in 2022. When employers do not meet their legal obligations in protecting their Jewish employees, ADL will not hesitate to act." The former Israeli employee also recently sent an open letter to Intel's board of directors about his complaint.

Persons: wasn't, Jonathan Greenblatt, Greenblatt, Google, we've Organizations: Defamation League, Fortune, Intel, ADL, CNBC, Google Locations: Wigdor, Israel, U.S, boardrooms, Gaza

☆ AMD CEO talks competition with Nvidia: 'there’s no one size fits all in computing'
▼ + stars: | 2024-09-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

When CNBC's Jim Cramer asked AMD CEO Lisa Su about competition with artificial intelligence powerhouse Nvidia , she said there was room for more than one major player in the red-hot semiconductor industry. "The way to think about it is, there's no one size fits all in computing," she said. Both AMD and Nvidia design semiconductor chips essential for the new generative AI technology everyone in the enterprise is clamoring for. To Su, the "technology ecosystem" works well when there's competition and partnership, saying there should be areas where rivals work together and where they compete. Su also discussed the future of AI, saying the world is just beginning to recognize what AI can do.

Persons: Jim Cramer, Lisa Su, Su, It's Organizations: Nvidia, AMD, Intel, Big Tech

☆ Analysts say don't chase this Intel pop here
▼ + stars: | 2024-09-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Wall Street analysts are still skeptical on Intel despite its latest moves aimed at righting the ship. Shares of Intel gained more than 3% on Tuesday after the chipmaker said it would turn its foundry business into an independent unit — allowing it to raise outside capital . The analyst added that Intel's plan to establish its foundry business as an independent subsidiary was "expected and not good." "We expect Intel's EPS to be under pressure given its foundry business, which we believe has minimal chance of succeeding," he wrote. Intel shares have lagged the broader semiconductor sector year to date, losing 56% in that time.

Persons: Bernstein, America's Vivek Arya, INTC, Christopher Danely, Intel's Organizations: Intel, Amazon, Bank of America, JPMorgan, Citi, Wells, America's, VanEck Semiconductor Locations: AVGO

☆ Intel strikes deal with Amazon to develop AI chips for AWS
▼ + stars: | 2024-09-17 | by ( Seema Mody | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel strikes deal with Amazon to develop AI chips for AWSCNBC’s Seema Mody reports on Intel's new deal to build AI chips for Amazon, how it could affect share prices, and more.

Persons: Seema Mody Organizations: Intel, Amazon

☆ Jim Cramer looks at the latest news out of Intel and how it impacts the balance sheet
▼ + stars: | 2024-09-17 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer looks at the latest news out of Intel and how it impacts the balance sheet'Mad Money' host Jim Cramer looks at how Intel's latest announcement could impact the company's balance sheet.

Persons: Jim Cramer Organizations: Intel

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