Intel shares surged on takeover talks with Qualcomm, sparking hopes for a transformative deal in the struggling chip industry.
Intel Corp. shares surged following reports from the Wall Street Journal that Qualcomm Inc. has approached Intel for a potential takeover, which could set a record for the semiconductor industry. Although discussions are ongoing, a deal is far from certain. Intel’s stock rose 3.4% to $21.87 but remains down 56% for the year, reflecting ongoing ...