Broadcom Not Interested in Buying Intel, CEO Says

Despite speculation and Intel's declining market capitalization, Broadcom's CEO Hock Tan has stated that the company has no interest in acquiring Intel. According to Tan, no one from Intel has approached Broadcom with an offer. No Hostile Takeover In an interview with the Financial Times, Tan explained, "[Broadcom has] not been asked [to take over Intel]...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." This references Broadcom's failed $142 billion hostile takeover attempt of Qualcomm in 2018, which was ultimately blocked by the U.S. government. Earlier this year, there were rumors of Qualcomm potentially acquiring Intel, but these plans reportedly fell through. Strategic Alignment and Challenges A merger between Intel and Broadcom would align with industry trends, given Broadcom's focus on AI processors and data center solutions, and Intel's dominance in …