The high price of "Intel" shares to news about the upcoming acquisition of "Qualcomm"

The price of “Intel” rose after the Wall Street Journal published a report stating that Qualcomm contacted it regarding the acquisition, which could be a possible record for the disk industry. The newspaper cited people who describe it as the situation that the discussions have taken place over the past few days. Intel and Qualcomm representatives refused to comment. The share price rose 9.5% to $ 23.14 on Friday, recovering from the fall in the day earlier. The share price losses during the current year to Thursday reached 58%. Intel, which was once the largest chips manufacturing business, suffers from poor sales and increasing losses, to the extent that the company’s market value, which amounts to less than $ 100 billion, is now about half the value of Qualcomm. However, the acquisition will be the largest transaction ever for the semiconductor market, and it is likely to have a shift in the industry. On the other hand, the price of “Qualcomm” – based in San Diego – dropped by up to 5.5%, reflecting investors’ concerns about such an agreement. Intel, based in Santa Clara, California, announced this week a set of changes aimed at restoring his work on the right track. These moves included an agreement with billions of dollars with Amazon for the manufacture of semiconductors intended for artificial intelligence, and a plan to convert the stationary manufacturing with “Intel” to a fully owned subsidiary. “Qualcomm”, the largest smartphone processor, was involved in a controversial email more than six years ago, when “Broadcom” tried to obtain it. Broadcast withdrew his offer after President Donald Trump prevented the agreement and pointed out the dangers of national security.