Intel Shares Jump on Report It’s an Acquisition Target
Posted: Jan 17, 2025
- Intel Corp. stock ($INTC) jumped 9.5% after reports of possible acquisition
- The company has struggled in recent years and its CEO was ousted
- Qualcomm and Arm Holdings have shown interest in acquiring Intel
- Intel's market valuation is around $90 billion
- Speculation of takeover has increased since CEO's departure
- Intel Corp. shares jumped 9.5% on news that it is an acquisition target
- Technology newsletter, SemiAccurate, reported that an unnamed company is looking to acquire Intel
- The report did not disclose the name of the potential buyer or provide further details
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