Reading between the lines:Broadcom has no Interest in buying Intel: CEO says no one asked
News
By Anton Shilov
published 3 hours ago
Could be the largest acquisition ever in tech.
"[Broadcom has] not been asked [to take over Intel]," said Hock Tan, chief executive of Broadcom, in an interview with the Financial Times. "I can only make a deal if it is actionable. Actionability means someone comes and asks me. Ever since Qualcomm, I learned one thing: no hostile offers."
Back in 2018, Broadcom's $142 billion attempt to acquire rival chipmaker Qualcomm through a hostile takeover was stopped by then-President Donald Trump in a rare and extraordinary move.
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"We are definitely interested. But Intel has to approach us first. We got burnt once already. So we are not making the first move"