Sector Update: Tech Stocks Decline Friday Afternoon
Sector Update: Tech
Shares of Companies in the Broader Semiconductor Space Are Trading Lower. The Sector May Be Pulling Back After Rising Thursday on Strong Earnings From Micron.
Intel Said to Rebuff Approach by Arm Holdings for Product Unit
Is intel (INTC.US) becoming a "delicacy"? Arm (ARM.US) is rumored to be interested in acquiring its product division but was rejected.
Following qualcomm, broadcom, there are reports that Arm is also interested in acquiring intel assets, however, this proposal has been rejected by the latter.
Report: ARM is interested in acquiring intel's product division, but is rejected.
Currently, intel has two main divisions: one is the product department that sells chips, and the other is the operation department of the factories. Bloomberg stated that ARM hopes to acquire intel's product department, but is not interested in the operation department of the factories.