Qualcomm Is Trying to Acquire Intel

Qualcomm has made a takeover approach to rival Intel, potentially creating one of the largest and most consequential deals in recent years. Intel, with a market value of about $90 billion, has been facing a significant crisis, with its shares dropping roughly 60% this year. The deal is far from certain and would likely face antitrust scrutiny, but could be seen as an opportunity to strengthen the U.S.'s competitive edge in chips. Qualcomm may consider selling parts of Intel to other buyers to facilitate the deal.