Qualcomm Ready to Strike: The Billion-Dollar Move Waiting for Election Day

As the 2024 US presidential election approaches, all eyes are on the potential impact it will have on various sectors, including the tech industry. One major player, Qualcomm, is reportedly holding its breath as it waits for the outcome of the election before making its next move. According to recent reports, Qualcomm is still very much interested in acquiring Intel, but is waiting to see which candidate will take the top spot in the upcoming election - Biden's running mate, Kamala Harris, or Donald Trump.

The potential acquisition of Intel by Qualcomm has been a topic of discussion for quite some time now. With Intel struggling to keep up with the ever-growing demands of the tech industry, Qualcomm saw this as an opportunity to expand its portfolio and solidify its position in the market. However, with the election looming and the uncertainty surrounding the future of tech regulations, Qualcomm is wisely choosing to exercise caution.

If Kamala Harris were to win the election, it could potentially lead to more stringent regulations on big tech companies. As someone who has been vocal about the need to regulate this industry, Harris might implement policies that could limit Qualcomm's ability to acquire and expand. On the other hand, if Donald Trump were to win, his stance on tech regulations could be more lenient, allowing Qualcomm to move forward with its plans to acquire Intel.

The question on everyone's mind is what this acquisition would mean for the industry. For Qualcomm, it would be a major coup, giving the company control over a significant portion of the global chip market. Intel, on the other hand, would be able to focus on its other areas of business, such as its memory and storage solutions. The acquisition would also likely lead to significant job losses and consolidation within the industry.

As we approach the 2024 US presidential election, it's clear that the tech industry will be watching with bated breath. With Qualcomm waiting for the outcome before making its move, all eyes will be on the election results to see which direction the industry will take. Will Qualcomm's patience pay off, or will the outcome of the election throw a wrench in their plans? Only time will tell.