Rumors about Qualcomm’s interest in Intel’s assets sparked further reports from Bloomberg, revealing that other companies are now eyeing these assets. Initially, Broadcom expressed interest, followed by news that Apollo Global Management is ready to invest approximately $5 billion in Intel.
Ongoing Negotiations with Apollo
Negotiations between Intel and Apollo Global Management are still in progress, but success is not guaranteed, notes NIXsolutions. Apollo isn’t a new player for Intel; in June, it acquired a stake in a joint venture managing Intel’s manufacturing facility in Ireland, investing $11 billion at the time. We’ll keep you updated as talks advance.
Broadcom’s Previous Experience and Hurdles
Broadcom’s interest in Intel’s assets might face challenges due to its history with the failed Qualcomm acquisition in 2018. At that time, then-President Donald Trump blocked the deal on national security grounds, despite Broadcom relocating its headquarters from Singapore to the United States.