Tech Brew Ride Home Mon. 09/23 – Qualcomm To Buy Intel?
Sep 23, 2024
Qualcomm's potential takeover of Intel raises questions about the future of chip manufacturing. A massive cryptocurrency theft scheme leads to arrests, revealing the dark side of digital currency. Concerns grow over a proposed U.S. ban on Chinese car imports, emphasizing national security and supply chain vulnerabilities. Legacy automakers struggle to keep pace with the tech-driven automotive landscape, highlighting the critical need for partnerships with software companies. This dynamic shift reflects the challenges of innovation in the face of fast-evolving technology.
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Potential Chip Consolidation
- Qualcomm approached Intel for a takeover, broadening horizons beyond mobile chips.
- Intel, facing challenges, also received a $5 billion investment offer from Apollo Global Management.
UAE Chipmaking Ambitions
- TSMC and Samsung are considering UAE-funded chip factories to boost global production and lower prices.
- The UAE aims to develop a domestic tech industry, despite technical and political hurdles.
Bitcoin Heist Bust
- Two individuals were arrested for stealing 4,100 Bitcoin ($230 million) from a Genesis creditor.
- They used impersonation and remote access to steal funds, then laundered them through mixers and exchanges.