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Intel reportedly considering Broadcom bid

(Image credit: Image Credit: Ken Wolter / Shutterstock)

Intel may be considering putting in a bid for Broadcom as well as a number of other acquisition options in an effort to prevent the company from becoming an even larger competitor according to people familiar with the matter. 

The chipmaker's shares fell by one per cent in after-hours trading after The Wall Street Journal (opens in new tab) reported the news while Broadcom shares rose by more than six per cent. 

Broadcom recently decided to up the ante for its hostile takeover of Qualcomm (opens in new tab) which would hurt Intel by creating an even larger competitor.  However, if the company's efforts prove to be successful, the chipmaker would then consider making its own offer for the company. 

Those familiar with the matter noted that the offer is not guaranteed and a spokesperson for Intel explained that integrating its recent acquisitions, including Mobileye and Altera, into its business was its main focus at this time. 

The Broadcom / Qualcomm deal has also caught the attention of regulators such as the US Treasury's Committee on Foreign Investment (opens in new tab) which believes the deal may hurt US national security interests. 

Broadcom is not expected to drop its bid for Qualcomm (opens in new tab) this month and it will take the necessary measures to win over the concerns of regulators. 

Image Credit: Ken Wolter / Shutterstock

Anthony Spadafora
Anthony Spadafora

After getting his start at ITProPortal and then working with the TechRadar Pro team for the last several years, Anthony is now the security and networking editor at Tom’s Guide where he covers everything from data breaches to how to cover your whole home or business with Wi-Fi. When not writing, you can find him tinkering with PCs and game consoles, managing cables and upgrading his smart home.