Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Intel’s stock rises on Apollo investment hints and Qualcomm merger talks
    09-24-intel
    09-24-intel
    AI

    Intel’s stock rises on Apollo investment hints and Qualcomm merger talks

    By Rae LiSeptember 24, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Intel stock surged over 3% following reports of a potential $5 billion investment from Apollo Global Management, while also facing scrutiny over a possible takeover by Qualcomm. 
    • Despite these developments, Intel’s shares remain down nearly 57% for the year, reflecting ongoing struggles in the competitive AI chip market.

    OUR TAKE
    Intel’s stock rose after reports of a potential $5 billion investment from Apollo Global Management and ongoing discussions about a possible takeover by Qualcomm. Despite this positive news, Intel continues to face challenges in the competitive AI chip market, with its shares down significantly for the year.

    -Rae Li, BTW reporter 

    What happened

    Intel‘s stock surged over 3% after a Bloomberg report indicated that Apollo Global Management might invest up to $5 billion in the company, signaling renewed interest from the private equity firm. This comes on the heels of Intel exploring a potential takeover by Qualcomm, a move that has raised concerns among Qualcomm investors, leading to a decline in its shares. Intel and Apollo have a prior relationship, having collaborated on an $11 billion stake sale related to Intel’s manufacturing facility in Ireland.

    Despite this optimistic news, Intel faces significant challenges in the AI chip market, with its stock down nearly 57% year-to-date. The company is implementing drastic cost-cutting measures, including laying off 15% of its workforce, as it struggles to compete against rivals like Nvidia and AMD. Intel’s Gaudi AI processor has not gained traction among major tech companies like Amazon, Google, and Microsoft, who have already invested heavily in their own AI chip developments. Analysts are divided on the potential Qualcomm merger, with concerns about regulatory hurdles and the overall strategic direction of Intel’s foundry business.

    Also read: Qualcomm explores potential acquisition of Intel amid chipmaker’s struggles

    Also read: Intel rises as Amazon deal boosts struggling foundry unit’s prospects

    Why it’s important 

    The potential investment from Apollo Global Management and the discussions about a Qualcomm takeover are significant as they indicate shifting dynamics in the semiconductor industry, particularly for Intel, a company that has struggled to maintain its competitive edge. Such investments could provide the capital needed for Intel to innovate and adapt to the rapidly evolving AI landscape, which is crucial for its survival in a market increasingly dominated by more agile competitors.

    The implications of these developments extend beyond Intel itself; they reflect broader trends in the tech industry, where consolidation and strategic partnerships are becoming more common as companies seek to enhance their capabilities. Regulatory scrutiny of large mergers adds another layer of complexity, suggesting that how these moves unfold could set important precedents for future mergers and acquisitions in the tech sector, influencing market stability and innovation in the years to come.

    Amazon Apollo Intel
    Rae Li

    Rae Li is an intern reporter at BTW Media covering IT infrastructure and Internet governance. She graduated from the University of Washington in Seattle. Send tips to rae.li@btw.media.

    Related Posts

    Indosat deploys Nokia AI to cut network emissions

    July 8, 2025

    Huawei’s AI lab denies copying Alibaba’s Qwen model

    July 8, 2025

    HPE completes Juniper deal under DOJ terms

    July 7, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.