Get the latest tech news
Intel reportedly rebuffed an offer from ARM to buy its product unit
Intel's fortunes have declined so rapidly over the past year that UK-based chip designer ARM inquired about buying its crown jewel product unit.
Intel's fortunes have declined so rapidly over the past year that chip designer ARM made a "high level inquiry" about buying its crown jewel product unit, Bloomberg reported. ARM sells its processor designs to Qualcomm, Apple and other manufacturers (mostly for mobile phones) but doesn't build any chips itself. Apollo Global Management (the owner of Yahoo and Engadget) has offered to invest as much as $5 billion in the company, according to a recent Bloomberg report.
Or read this on Endgadget