The American chip giant could be planning to gate-crash tech’s biggest takeover deal.
The news: The Wall Street Journal says Intel is mulling a bid for Singapore-based Broadcom, which has itself launched a record $117 billion takeover offer for Qualcomm.
Silicon FOMO: Intel, the world’s biggest chipmaker, is worried that a combined Broadcom-Qualcomm would make it harder for it to boost market share in chips for mobile phones and cars. By swallowing Broadcom, Intel could scupper the creation of a more powerful rival that would be the world’s third-largest chipmaker, after Intel itself and Samsung.
Bid bonanza: Meanwhile, as the chip market continues to consolidate, Qualcomm is also in the midst of organizing its own takeover offer for NXP, a Dutch company that’s a leader in chips for connected and self-driving vehicles.
Why it matters: Broadcom’s bid has raised national security concerns in the US. If Intel buys the company, those might be assuaged. But Intel’s move would stoke antitrust concerns.
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