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Intel Said to Rebuff Approach by Arm Holdings for Product Unit
Is Intel (INTC.US) a "desirable target"? There are rumors that Arm (ARM.US) is interested in acquiring its product division but has been rejected.
Following qualcomm and broadcom, there are reports that Arm also intends to acquire intel assets, however, this proposal was rejected by the latter.
Report: ARM is interested in acquiring intel's product division, but was rejected.
Currently, intel has two main divisions: one is the product department selling chips, and the other is the operation department of factories. Bloomberg reported that ARM is interested in acquiring intel's product department, but not interested in the operation department of factories.
Arm Holdings Options Spot-On: On September 26th, 68,673 Contracts Were Traded, With 806.64K Open Interest
Express News | Philadelphia Semiconductor Index up 4%
Express News | Broadcom up 2.2%, Qualcomm up 3.8%, Applied Materials up 7.3%
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