Qualcomm Interested in Acquiring Intel

Qualcomm wants to acquire Intel (photo: dock. Intel)

JAKARTA – Qualcomm, a smartphone processor supplier, plans to acquire Intel, a brand that has been its competitor for years. In an effort to realize this acquisition, Qualcomm's CEO is directly involved.

Citing a report from the Wall Street Journal, Qualcomm has only contacted Intel recently so the deal is far from complete. It is not yet known whether Intel is interested in further discussions regarding this large-scale acquisition.

From the circulating report, Qualcomm CEO Cristiano Amon is personally involved in the effort to acquire Intel. Reportedly, the company leader offered various options that could benefit Intel. These options were offered so that the acquisition agreement could be reached.

On the other hand, an anonymous source from Reuters said that Qualcomm has not submitted a specific offer, such as a financing offer and others. It is also not yet known how Qualcomm will manage Intel's very diverse products.

Intel is a major chip supplier with a market value of more than 290 billion (IDR 4.3 quadrillion). However, this market value continues to decline from year to year. Intel shares even fell by 60 percent earlier this year.

Currently, Intel's market value is only 90 billion US dollars (IDR 1.3 quadrillion). When compared to Qualcomm's market value, the company that wants to acquire Intel has a greater value with fluctuations of around 185 billion US dollars (IDR 2.8 quadrillion).

Given Intel's current situation, it is possible that the company will agree to Qualcomm's acquisition offer. There is also a possibility that this acquisition will not happen because Intel is still confident in its company portfolio or because the two companies do not reach the desired agreement.