Intel has been going through a difficult period in recent years.Loss of market share and disappointing financial results have brought the company to the brink of radical change. Accordingly, Arm Holdings wants to buy certain parts of Intel.
Intel turns down Arm’s acquisition offer
Intel, once the leader of the chip industry, is undergoing a major restructuring after recent market losses and financial results. The company will lay off 15,000 employees, slow factory expansions and suspend dividend payments to cut costs.
As part of the reorganization, Intel will split its product and manufacturing divisions into separate business units. The aim is to enable the product group to more easily partner with manufacturers such as TSMC. The move comes at a time when Intel is struggling to keep up with its advancement in manufacturing technology compared to its competitors.
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Intel’s actions show that the company recognizes that its manufacturing leadership is no longer guaranteed. It has even received offers that could accelerate this transition. However, Intel rejected Arm Holdings’ offer to buy its product business.
Qualcomm is also interested in some of Intel’s operations, particularly its product division and programmable chip unit Altera. Private equity firm Apollo Global Management has offered to invest up to $5 billion.
These moves by rivals show how much Intel’s position has changed in a short period of time. Once dominant in PCs and data centers, Intel now competes with rivals like AMD, Nvidia and TSMC in both product and manufacturing.
