Qualcomm, a tech giant that describes itself as a relentless innovator that helps the world with various tech products, including, more recently, Snapdragon X chips for laptops, may still open to buying Intel, according to sources who say the company will likely be making a decision sometime after the latest U.S. presidential election, which takes place Tuesday, November 5. The news comes several weeks after sources revealed that Qualcomm had been exploring a takeover of Intel, one that would be “friendly” but result in what would be one of the biggest M&A (mergers and acquisitions) deals ever. Further insight regarding Qualcomm’s potential bid for Intel can be found below.
San Diego-based Qualcomm wants greater clarity on the new occupant of the White House before deciding its next move because of the impact any future administration would have on the antitrust landscape and America’s relationship with China, according to the people, who asked not to be identified discussing confidential information.
Qualcomm could opt to wait until after the inauguration of the new US president in January before deciding how to proceed, given the many complexities of a potential transaction involving Intel, some of the people said.