Qualcomm is interested in Intel’s assets, and it is looking towards selling Mobileye

A meeting of Intel’s board of directors is due to take place this month, at which life-changing decisions could be made for the financially troubled company. In particular, Qualcomm is interested in some assets, and Intel itself is considering selling the remaining shares of Mobileye, or saying goodbye to the division that develops network solutions for the corporate market.

Image Source: Intel

Reuters reported today that Qualcomm has been showing interest in Intel’s assets related to the development of processors for the consumer market for several months in a row. Judging by the latter’s focus on conquering the market of central processors for PCs, which is confirmed by the release of processors from the Snapdragon X family, it would probably like to adopt certain experience from its competitor. At the same time, sources note that Qualcomm is not interested in the direction of server processors, and therefore the entire range of Intel specialists is not interested in it. Qualcomm representatives refused to comment on the rumors, and Intel representatives denied that Qualcomm had made such proposals.

Bloomberg picked up the baton of discussing Intel’s restructuring plans the day before, announcing the company’s intentions to sell approximately 88% of its shares remaining after the IPO of the Israeli company Mobileye. Intel acquired this developer of active driver assistance systems in 2018 for a respectable $15 billion, and as in the case of Altera, it would now like to get rid of this ballast. Altera’s IPO in fall 2022 raised Intel about $1.5 billion, but the company would like to either sell its remaining Mobileye shares on the stock exchange or sell them to another strategic investor. Again, Mobileye’s board meeting this month could decide the future of the Intel subsidiary.

The future of the Network and Edge division within Intel Corporation also remains in question. According to sources, the company is considering the possibility of selling it. Last year, the division’s revenue dropped by almost a third to $5.8 billion, and, apparently, it is not considered strategically important for the company.