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Qualcomm deal for Intel unlikely due to regulatory issues, especially China - analyst Sep. 21, 2024 12:16 PM ET By: Joshua Fineman , SA News Editor [Seeking Alpha]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: Seeking Alpha
The note comes after the WSJ reported Friday that Qualcomm ( QCOM made a takeover approach to Intel ( INTC) in recent days, though a deal is said to be "far from certain," a person familiar told the publication. The news sent Intel shares up 3.3%, while Qualcomm fell 2.9%. "The speculated QCOM+Intel deal is unlikely to receive China regulatory approval in our view, given the recent M&A experience in the industry," Raymond James analyst Srini Pajjuri wrote in a note on Friday. European Union and other regulators would also likely question the transaction as the combined entity will have 60% revenue in both PC and smartphone chip markets, Pajjuri added. Bloomberg separately reported on Saturday confirmed Qualcomm's ( QCOM ) recent approach and also said that the company has been speaking with US regulators and believes that an all-American combination may allay concerns around a deal with Intel ( INTC "Assuming no regulatory issues, it might make strategic sense for QCOM to buy Show less Read more
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