Qualcomm may have ‘abandoned’ its Intel takeover bid due to this ‘big’ reason

Qualcomm’s potential mega-acquisition of Intel has reportedly cooled down. The deal, hampered by Intel’s debt, antitrust concerns, and Qualcomm’s manufacturing inexperience, is now less appealing. While Qualcomm might still consider parts of Intel or revisit the idea later, it’s actively pursuing other growth avenues, aiming for an additional $22 billion in revenue by 2029 without major acquisitions.