Arm approached Intel about acquiring its product division, which develops chips for PCs, servers, and networking equipment, according to Bloomberg, citing a person with direct knowledge of the matter. However, Intel declined, stating that the division is not for sale. Arm was not interested in Intel’s foundry assets.
Show Comment Form
Hide Comment Form
Intel holds firm against takeover bids, rejects Arm’s acquisition proposal
Arm approached Intel about acquiring its product division, which develops chips for PCs, servers, and networking equipment, according to Bloomberg, citing a person with direct knowledge of the matter. However, Intel declined, stating that the division is not for sale. Arm was not interested in Intel’s foundry assets.
