Qualcomm and Arm are reported to have approached Intel with a view to buying parts of Intel’s product group, and Qualcomm is said to have offered a takeover of the whole company, but these offers have been rebuffed.
Intel was awarded $19.5 billion of Chips Act money but nothing has been paid out with reports of officials holding back payments until Intel makes more progress on its fab-building programme.
Intel has undertaken to spend $100 billion plus on new fabs in Ohio, New Mexico, Arizona and Oregon.
US Commerce Secretary Gina Raimondo has called Intel the USA’s ‘Champion’ in the country’s bid to restore leading-edge chip making capability to the US.
