Reported about 4 hours ago
Qualcomm's interest in acquiring Intel has waned due to the complexities and challenges involved in such a transaction, including financial and regulatory hurdles, as well as Intel's substantial debt. Although Qualcomm initially approached Intel for a takeover after a disappointing earnings report, the deal now seems less appealing. Qualcomm is shifting focus towards new markets to boost annual revenue and does not currently see a large acquisition as essential for achieving its financial goals.
Source: YAHOO