Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Ryan Hogg

Intel rebuffs British semiconductor darling Arm over plans to buy chunk of chipmaker

Arm Holdings CEO Rene Haas poses with the Opening Bell Crystal at the Nasdaq MarketSite on September 14, 2023 in New York City. Arm, the chip design firm that supplies core technology to companies that include Apple and NVidia, priced its initial public offering at $51 a share. (Credit: Michael M. Santiago—Getty Images)

Arm, the British semiconductor darling that has exploded in value this year, has reportedly tried to buy up a chunk of stuggling tech giant Intel in a sign companies are circling the ailing chipmaker.

The group approached Intel about the prospect of buying up its product unit, Bloomberg reported citing someone with direct knowledge of the matter. However, Intel reportedly told Arm the unit wasn’t for sale.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.