Qualcomm's potential takeover of Intel, while possibly providing necessary cash, could face significant antitrust scrutiny in a challenging political landscape, analysts suggest.
Despite minimal overlap between Qualcomm and Intel, Biden's administration has shown skepticism towards mergers. Analysts believe any deal would undergo intense scrutiny and not merely a formality.
Intel is implementing a transformation phase, creating an independent subsidiary for its foundries, while also announcing significant layoffs of 15,000 staff members.
Intel's future relies heavily on its foundry business, and with billions in government funding on the line, any potential Qualcomm deal could complicate matters significantly.
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