Intel shares rise on report Qualcomm may be interested in takeover ...Middle East

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Intel shares rise on report Qualcomm may be interested in takeover
SAN JOSE: Intel shares were up on Friday after The Wall Street Journal reported that Qualcomm had recently approached the ailing US chipmaker with a takeover proposal, reported German news agency (dpa). Intel’s stock prices rose by more than three per cent in US trading. At times, the increase was even greater at over 10 per cent. Intel did not want to comment on The Wall Street Journal report, and there was initially no reaction from rival Qualcomm.Intel is struggling with high losses and had launched a cost-saving programme earlier this year. The former industry leader plays practically no role in the smartphone business – and Intel is unable to compete with its rival, Nvidia, for the new

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