Rumors of a potential takeover have resurfaced, suggesting tech giant Apple Inc. (NasdaqGS:AAPL) may be contemplating a strategic acquisition of Intel Corporation (NasdaqGS:INTC). This comes from the YouTube channel 'Moore's Law is Dead', where Tom S has reported about "whispers" of a potential purchase of Intel by Apple. He claimed that Samsung Electronics Co., Ltd. (KOSE:A005930) is also interested in acquiring or merging with the chip manufacturer Intel.
This comes as chipmaker Intel faces troubled waters, with profit margin shrinking due to high competition in the manufacturing technology space and little success in the booming market for artificial intelligence (AI) chips. Apple had acquired Intel's modem division in 2019, but this report suggests a full-scale takeover of the company. Tom, the YouTuber, reiterated in his video that these are just rumours.