Arm tried to buy Intel’s processor business and was rejected, but this is not certain

If you believe the actively spreading rumors, at least some of Intel’s assets are becoming an attractive target for those who want to buy them. To Qualcomm and Broadcom, which were eyeing them with varying degrees of motivation, Bloomberg now adds the British holding Arm. According to the source, he approached Intel with an offer to buy one of the company’s divisions, but was refused.

Image Source: Arm

The discussion, as noted by an informed source who wished to remain anonymous, was about the possibility of the British company Arm purchasing the Intel division responsible for the development of central processors. Arm was not interested in Intel’s production capacity, but the experience of independently creating processors could well be useful for expanding market coverage. Let us recall that Arm is a developer of processor architectures that are widely used, but the company does not produce processors on its own, receiving only royalties for the right to use its developments by other processor suppliers.

Arm’s efforts to prepare a deal with Intel, according to sources, were met with the latter’s categorical refusal to sell its division that develops central processors. Tellingly, the current capitalization of Arm reaches $156 billion, while in the case of Intel it dropped to $102 billion. In addition, 88% of Arm shares, even after entering the IPO, still belong to the Japanese corporation SoftBank, and if necessary, finance a deal with Intel she could turn to Japanese investors for help. In turn, Intel is still trying to find other sources of financing for its numerous projects. For example, Apollo Global Management, as noted recently, can provide Intel with up to $5 billion. The parties already have experience of cooperation within the framework of financing a project to modernize and expand Intel’s enterprise in Ireland. The joint venture they created will manage the activities of this production site, Apollo will be able to claim a part of its profits.

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