The heads of AMD and Broadcom said they are not interested in buying Intel

Following the resignation of Intel CEO Patrick Gelsinger earlier this month, rumors have floated various scenarios to save the company, including the occasional sale of the business to competitors. Representatives of Broadcom and AMD managed to declare that they were not interested in buying Intel.

Image Source: AMD

At least, Broadcom CEO Hock Tan, who has already completed a couple of major deals when he was the head of this developer of semiconductor components, in an interview with the Financial Times, cited by TrendForce, stated that there are no offers to buy Intel from the company itself . At the same time, he emphasized that Broadcom would consider any acquisition of companies on terms that are feasible in practice.

Broadcom itself is now focused on developing its business in the field of components for artificial intelligence systems; this takes a lot of effort and resources from it, and for now it does not intend to be distracted by acquisitions. Broadcom has two successful large-scale transactions in its track record: in 2015, the company itself came under the control of Avago Technologies for $37 billion, and at the end of 2023 it acquired VMware for $89 billion. In 2017, Broadcom tried to buy Qualcomm, but the deal was then blocked by Donald Trump (Donald Trump), who was the President of the United States at that time.

In the first half of this month, AMD CEO Lisa Su also touched upon the topic of a possible merger with Intel during an interview with Time. By that time, Patrick Gelsinger had already retired, but Lisa Su did not list his possible successors, while expressing “tremendous respect for him as a colleague” and emphasizing that the work in his post was difficult. When Lisa Su was asked whether US authorities were pushing AMD to merge with Intel, she answered in the negative.