The Wall Street Journal reports a deal was discussed, but is "far from certain."
  • jollyrogue
    101·
    3 months ago

    So this is how the tech dark ages start. The last 40yrs are erased, and we end up back in 1979 where everyone is selling a tech stack and nothing is compatible.

    Rebuilding around something which isn’t C would be a bright side.

    Qualcomm buying Intel would be a top 3 worst case. Broadcom or Marvel would be the other two.

    Some funny scenarios: Nvidia buys Intel, IBM buys Intel, Apple buys Intel.

    • Altima NEO@lemmy.zipEnglish
      8·
      3 months ago

      They’re not buying the whole of Intel. It sounds like they want to buy one of their divisions, probably their PC division.

    • IllNess@infosec.pub
      9·
      3 months ago

      Intel is about 5 times the size of Qualcomm in terms of equity.

      i found this article:

      Intel’s shares closed up 3.3%, while Qualcomm fell 2.9%. Qualcomm, with a market capitalization of $188 billion, is worth about twice as much as Intel.

      source

      So based on Intel’s shitty stock price, Qualcomm can buy a good chunk of Intel which is enough for voting power I guess. Someone please correct me or add insight to this.

      • warm@kbin.earth
        8·
        3 months ago

        I knew intel have been doing horribly recently, but they are only $83.3B market cap, I had no idea they shit the bed this much.

        • yeahiknow3@lemmings.world
          6·
          3 months ago

          I’m actually surprised it took people this long to realize how truly horrible Intel leadership has been over the past 2 decades.

        • drspod
          6·
          3 months ago

          Intel’s assets are worth more than Intel’s market cap. That’s how badly they’re doing in the stockmarket, and also shows you how market cap is a fairly irrelevant indicator of a company’s value.