Qualcomm will not decide on the purchase of Intel until the American elections; Bloomberg report

In a report, Bloomberg news agency cites informed sources and writes that Qualcomm will probably postpone the final decision on the acquisition of Intel until after the US presidential election next month. The company may even wait until 2025 when a new president takes office.

Apparently, Qualcomm is waiting to assess the geopolitical situation after the US election and does not want to be caught in the crosshairs of antitrust investigations by US regulators. Another influential factor in the relationship of the United States with China is the new president’s inauguration.

Intel recently announced in its financial report that it suffered a loss of 1.6 billion dollars; But he wants to change the situation by working hard. Intel’s plan includes adjusting 15% of the workforce and stopping major projects and selling some assets in order to attract capital. Intel is even considering divesting its chip business.

In the near future, Intel will receive more than 8.5 billion dollars in government funding in the form of the US CHIPS Act; But in order to use this budget, it has to wait a little longer. It looks like the Blue Team is in dire need of additional funding, and Qualcomm may be taking full advantage of this opportunity. Knowledgeable sources have said that Qualcomm offered Intel’s acquisition to the managers of this company in silence.

Intel is one of the pillars of the American semiconductor industry, and the change of ownership of this company will bring significant changes. For this reason, Qualcomm wants to check the political conditions of the country before taking any serious action.

Qualcomm is one of the main players in the ARM architecture, and Intel pays special attention to the x86 architecture. Therefore, if Intel becomes a subsidiary of Qualcomm, there will undoubtedly be a deep investigation centered on the monopolistic actions of the US government, the European Union, and China.

By delaying the acquisition of Intel, Qualcomm can see the results of this company’s performance in the third quarter of this year. Since it takes time to change Intel’s conditions, we expect that the blue team’s red status will remain even in the third season, and this will probably put Qualcomm in a better position to acquire Intel.