Qualcomm’s Intel takeover bid is on ice, at least for now. According to sources, the mobile chip maker is reportedly holding off on approaching Intel with a purchase offer due to the uncertainty caused by the US presidential election in a few weeks time, seeking “clarity” over who is going to take over in the Oval Office before it makes a bid or not.
Intel hasn’t had the best year so far. Its current-gen Intel Raptor Lake CPUs have faced voltage instability issues that caused permanent damage, its share price has dropped over 50% since January, and in the battle to make the best gaming CPUs, it continues to lag behind AMD. Qualcomm, meanwhile, has seen its latest Snapdragon X Plus CPUs chip away at Intel and AMD’s hold over the market in the latest Windows Copilot+ laptops.
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