Qualcomm Postpones Intel Acquisition Decision Until Post-Election

The tech giant awaits the outcome of the U.S. presidential election to assess antitrust and geopolitical factors before proceeding.

Qualcomm is evaluating the potential impact of the U.S. election on antitrust regulations and U.S.-China relations before deciding on acquiring Intel.
The acquisition of Intel by Qualcomm would face significant scrutiny from regulators in the U.S., China, and globally due to its scale.
Intel, struggling with financial losses and stock price declines, is a key player in the U.S. semiconductor industry and a major recipient of CHIPS Act funding.
Qualcomm has made preliminary approaches to Intel and consulted with Chinese regulators, but no formal offer has been made yet.
The decision might be delayed until after the new U.S. president is inaugurated in January 2025, allowing Qualcomm to consider Intel's upcoming earnings report.