Rivals and at least one big investor are circling the embattled semiconductor giant. The Biden administration is sure to keep an eye on any deal in such a strategically important sector.

The Biden administration will probably keep a close eye on what happens to Intel, given the chipmaker’s importance to its domestic manufacturing agenda.Pete Marovich for The New York TimesIntel’s deal dilemma

First came news that Qualcomm had made an informal takeover approach for Intel, its historically bigger rival. Now comes one that Apollo Global Management has offered to invest billions in the embattled chip giant.

It’s unclear whether Intel would proceed with either potential deal. But their existence underscores how far the onetime giant of American chipmaking has fallen.

A sale to Qualcomm would present huge hurdles:

Qualcomm is best known for chips used in cellular technology and it doesn’t

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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