Intel joins review of potential acquisition of Tenstorrent…50more than a hundred million dollars
Intel is strategically considering acquiring AI chip startup Tenstorrent. The value of the acquisition is said to be 50more than a hundred million dollars, and Qualcomm is also involved in the negotiations.
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Intel is strategically reviewing a possible acquisition of AI chip startup Tenstorrent. The company is reportedly holding internal discussions about acquiring Tenstorrent. The review is said to include the possibility of negotiations with outside investors.
Qualcomm is also involved in negotiations over the same company. Qualcomm is reportedly continuing discussions related to acquiring Tenstorrent. With both companies showing interest, a takeover battle has taken shape.
Intel shares rose on Friday by 0.92%. The shares moved higher as semiconductor stocks broadly benefited from market momentum. Intel shares traded near a recent high and 12months of gains.
Tenstorrent is classified as a startup developing AI chips. The company’s technology and business are cited as key factors in assessing its acquisition value. Specific fundraising details or official acquisition terms for Tenstorrent have not been disclosed.
There has been no official announcement of an acquisition to date. 2026year 5month 22day Discussions were reported externally. Neither Intel nor Qualcomm has yet disclosed a final agreement or specific terms.
Sources: Benzinga
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