Intel rejects Arm's approach for product division, Bloomberg News reports
) about potentially acquiring the company's product division but was told that the business is not for sale, Bloomberg News reported on Thursday.
The report did not mention any financial details, nor did it say whether the talks are still ongoing or have been abandoned. Once the dominant force in chipmaking, Intel ceded its manufacturing edge to Taiwanese rival TSMC and failed to produce a widely desired chip for the generative AI boom capitalized on by Nvidia has also approached Intel to explore a potential acquisition of the troubled chipmaker, Reuters reported earlier this month, in what could be a transformational deal in the sector.
The company plans to pause construction on factories in Poland and Germany, and reduce its real estate holdings.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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