The vultures are circling—and America could potentially lose one of its most important manufacturing assets. After a horrendous earnings report last quarter, Qualcomm, ARM, Apollo, and probably others have been looking at how to pick the flesh off Intel’s bones.
After 30 years of holding the crown as the world’s most valuable semiconductor company, Intel is selling below book value. At today’s price, Intel is an affordable acquisition for many, even much smaller tech companies. But what happens to Intel’s factories, designers, and intellectual property is vitally important.
