(Reuters) -Arm Holdings approached Intel (NASDAQ:) about a possible acquisition of the company’s products division but was told the company is not for sale, Bloomberg News reported on Thursday.
The British chipmaker showed no interest in Intel’s manufacturing operations, the report said, citing a person familiar with the matter.
The report did not provide financial details or say whether the talks are still ongoing or have been halted.
Arm and Intel declined to comment on the report.
Once the dominant force in chip manufacturing, Intel ceded its manufacturing lead to Taiwanese rival TSMC and failed to produce a widely desired chip for the generative AI boom benefiting Nvidia (NASDAQ:) and AMD (NASDAQ:).
Qualcomm (NASDAQ:) has also approached Intel to explore a possible acquisition of the troubled chipmaker, Reuters reported earlier this month, in what could be a transformational deal in the industry.
Intel has tried to change its business by focusing on AI processors and creating a chip contract manufacturing company known as a foundry.
The company plans to pause construction of factories in Poland and Germany and reduce its real estate holdings.
