Qualcomm might be Intel's savior after all [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance
If this move materializes, it could reshape the competitive landscape of the PC industry, giving Qualcomm a foothold in the x86-dominated market while allowing Intel to refocus on its broader growth initiatives. According to an exclusive report from Reuters , two anonymous sources hinted at these discussions. However, no formal communication has occurred between Intel and Qualcomm so far. An Intel spokesperson emphasized the company's “deep commitment” to its PC business, echoing statements made at the recent Core Ultra Series 2 launch in Berlin. Intel has faced significant challenges in recent months. Following its announcement of a 15% workforce reduction ahead of its earnings call, the company reported a historic drop in revenue, leading to a 20% plunge in stock prices and investor lawsuits. Revenue from its PC client business declined by 8% to $29.3 billion last year, reflecting broader challenges in the PC market. Meanwhile, Intel's 13th- and 14th-generation Raptor Lake deskt
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