Intel holds firm against takeover bids, rejects Arm's acquisition proposal

Intel rejects Arm's proposal to acquire its chip division, opting to maintain its turnaround strategy amidst takeover bids.

: Intel has rejected a proposal from Arm to acquire its product division which includes chips for PCs, servers, and networking equipment. Despite various takeover offers, Intel remains steadfast in its turnaround strategy. Notably, Qualcomm made an acquisition attempt earlier this month. Intel is considering selling parts of its operations but continues to resist selling its core business lines.

Intel has turned down an acquisition proposal from Arm, which sought to purchase its product division focused on PCs, servers, and networking equipment. Providing insight into the company's ongoing challenges, this move underscores Intel's commitment to its existing turnaround plan.

Other companies, such as Qualcomm, have also made acquisition offers as Intel faces a rapid decline and focuses on regaining financial stability. Despite these offers, the company's CEO Pat Gelsinger has denied rumors about selling major divisions and affirmed plans to spin off a smaller stake in its Altera division by 2026.

Intel's resistance to selling key parts of its business is supported by prospective investments, including a potential $5 billion equity investment from Apollo and $19.5 billion in grants and loans from the government. These factors, along with regulatory and technical challenges associated with merging architectures, make such acquisitions complicated.

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