Intel shares surged 6% in late afternoon trading (now halted) after a Wall Street Journal report revealed that Qualcomm had approached the struggling chipmaker earlier this week to discuss a potential acquisition.
It wasn't hard to see this coming...
Who will buy Intel https://t.co/EYwxLaBySF
— zerohedge (@zerohedge) August 30, 2024
This is smart. Start a bidding war. Here's the math:
Intel has 15 fabs; the fabs alone are worth $10bn/each in liquidation value.
— zerohedge (@zerohedge) August 2, 2024
The value created by management is negative $50 billion. https://t.co/HkqUQJ4A6J
*Developing...
