Intel reportedly rebuffed an offer from ARM to buy its product unit
Briefly

Intel has seen a dramatic decline in its fortunes over the past year, with a net loss of $1.6 billion in Q2 2024, leading to substantial layoffs and restructuring.
ARM's inquiry into acquiring Intel's product division signals the serious vulnerabilities that Intel is facing in the competitive semiconductor market, further heightened by ongoing layoffs.
With competitors like Qualcomm showing interest in acquiring Intel, this indicates not just ARM's concerns but a broader acknowledgment of Intel's current precarious position.
Despite the offers from potential suitors, Intel remains committed to restructuring and may receive further investment, showcasing its complex situation amid market challenges.
Read at Engadget
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