Source: Arm approached Intel about potentially buying Intel's product group, but not factory operations; Intel declined, saying the division isn't for sale
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By Ian King / Bloomberg. View the full context on Techmeme.

Ian King / Bloomberg: Source: Arm approached Intel about potentially buying Intel’s product group, but not factory operations; Intel declined, saying the division isn’t for sale  —  - Intel’s rapid decline has spurred takeover speculation  — Arm is interested in product group, not factory operations