Intel Rejects Arm’s Bid to Acquire Product Unit amidst Takeover Speculations

Intel dismisses Arm's purchase request for its product division, a company owned by SoftBank.

During a detailed investigation, Arm showed no interest in acquiring Intel's production facilities.

During the in-depth investigation, Arm showed no interest in Intel's production facilities, according to a source who requested anonymity due to the confidential nature of the talks.

Spokespersons for Arm and Intel chose not to comment.

Intel, previously the globe's biggest semiconductor manufacturer, has been subject to acquisition rumors following a swift decline in its business this year.