Intel rebuffs Arm after SoftBank-owned firm asked to buy US chip maker’s product unit

In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations

Intel, once the world’s largest chip maker, has become the target of takeover speculation since a rapid deterioration of its business this year. Photo: Shutterstock
Arm Holdings approached Intel Corp about potentially buying the ailing chip maker’s product division, only to be told that the business is not for sale, according to a person with direct knowledge of the matter.

In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations, said the person, who asked not to be identified because the discussions were private.

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