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Intel rumored to be considering a bid for Broadcom

By Cookie Monster - on 10 Mar 2018, 8:06pm

Intel rumored to be considering a bid for Broadcom

While Broadcom is actively pursuing a bid for Qualcomm, Intel is said to be considering a bid for Broadcom.

Sources told The Wall Street Journal that Intel might consider a bid for Broadcom to prevent Broadcom and Qualcomm from closing the deal and becoming a greater threat. However, the sources caution that such an offer is not guaranteed. An Intel spokeswoman told CNBC that the company does not comment on deal discussion:

"That being said, we have made important acquisitions over the past 30 months — including Mobileye and Altera — and our focus is on integrating those acquisitions and making them successful for our customers and shareholders," she said in a statement.

Broadcom's bid for Qualcomm has raised concerns among the U.S Treasury's Committee on Foreign Investment (CFIUS) and other tech companies. The CFIUS is worried about Broadcom's reputation for cutting research spending and potential national security risks, while tech companies such as Google and Microsoft are worried that Broadcom will interfere with Qualcomm's 5G investment.

Source: Wall Street Journal via CNBC