Two developments galvanize the US chip industry
The US chip industry has been energized by two developments related to Intel, which is going through a difficult period. First came the news that Qualcomm is working on a plan to take over Intel, and then it was stated that Apollo is planning a 5 billion dollar investment in Intel.
The chip industry in the US fluctuated with backstage news.
Bloomberg’s two latest reports on the sector revealed the restructuring efforts on Intel. According to the latest news, alternative asset manager Apollo is preparing for a significant investment in Intel.
According to Bloomberg, Apollo Global Management Inc. has offered to make an investment in the company in a move that would be a vote of confidence in Intel’s turnaround strategy.
The alternative asset manager has indicated in recent days that it is willing to make an equity-like investment of as much as $5 billion in Intel, a source told Bloomberg. Intel executives are considering Apollo’s offer, the sources said.
The development comes as San Diego-based Qualcomm Inc. prepares for a friendly takeover of Intel, raising the possibility of one of the biggest M&A deals ever, people familiar with the matter said Saturday.
English 
Turkish