Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) is considering a potential takeover of Intel but will likely wait until after the US presidential election in November to decide.
According to a Bloomberg exclusive, the company seeks clarity on the political landscape, particularly regarding antitrust regulations and relations with China, before making any move.
Qualcomm approached Intel in September about a possible deal and has also sought feedback from Chinese regulators, although no formal bid has been made yet.
Intel, a key player in the US government's push for domestic chipmaking, is undergoing a major overhaul under CEO Pat Gelsinger.