Qualcomm's interest in pursuing an acquisition of Intel has cooled, according to people familiar with the matter, upending what would have likely been one of the largest technology deals of all time. The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, said some of the people, asking not to be identified discussing confidential matters. It's always possible Qualcomm looks at pieces of Intel instead or rekindles its interest later, they added. Qualcomm made a preliminary approach to Intel on a possible takeover, Bloomberg News and other outlets reported in September. Rivals such as Nvidia have been pulling away in the race to supply chips that can cater to the sheer demand for artificial intelligence.

Source: NDTV November 26, 2024 15:28 UTC