Report: San Diego’s Qualcomm Making Bid to Acquire Chip Pioneer Intel ...Middle East

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Report: San Diego’s Qualcomm Making Bid to Acquire Chip Pioneer Intel
Qualcomm headquarters in Sorrento Valley. Courtesy of the company The Wall Street Journal reported Friday that San Diego-based wireless giant Qualcomm has approached Intel about a possible takeover of the ailing chip maker. Acquisition of the Silicon Valley company that pioneered memory chips and microprocessors would be valued at nearly $90 billion. The Journal said Qualcomm had approached Intel “in recent days” but a deal is by no means certain. Acquiring Intel would give Qualcomm production lines in the United States for its world-leading wireless chips like the Snapdragon. Intel, once the world’s most valuable semiconductor company, has been suffering from a series of sal

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