What just happened? It is no secret that Intel is struggling. The tech giant's stock price has plummeted in recent years, making it a viable takeover target. An offer from Qualcomm is now on the table, and if it materializes, it could significantly alter the semiconductor industry's trajectory. But first, the companies will have to pick their way through a minefield of financial, regulatory, and strategic considerations.
The big picture: It's been nearly six months since Intel was chosen to receive a significant chunk of funding from the landmark Chips and Science Act, but the chipmaker has yet received a dime. Some close to the situation are now wondering when – or if – Intel will ever see the money.
Say it isn't so: It's no secret that Intel has been going through a rough patch lately. Sensing an opportunity, Qualcomm has been eyeing Intel's design units with great interest. It is reportedly exploring acquiring Team Blue's PC design division.
With supply so limited, prices have nearly doubled in the last year
Why it matters: Exports of crucial semiconductor materials germanium and gallium have been caught up in a game of cat and mouse between the US and China, with Beijing's primary motivation to show that it is able to retaliate against US-led pressures on Chinese companies. China has not been shy about imposing these controls, announcing export restrictions this month on antimony, a mineral used in armor-piercing ammunition, night-vision goggles, and precision optics. Last year, China also introduced controls on exports of graphite and technologies used in rare earth extraction and separation.