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Bloomberg Technology

Intel Rebuffs Arm, China Tech Stocks Soar

Bloomberg Technology

Bloomberg

Tech News, Business, News

4.549 Ratings

🗓️ 27 September 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

 Bloomberg's Caroline Hyde and Ed Ludlow break down Arm's interest in Intel's product division, only to have Intel turn down Arm's advances, and China stocks in the US are set for their best week since 2022. Plus, "money is green" when it comes to database and nuclear build out according to US Energy Secretary Granholm, who supports the US AI efforts to expand even with foreign investment.  

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Transcript

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0:00.0

Join us in Los Angeles or virtually on October 8th for Bloomberg's business value of AI event and networking reception.

0:06.7

This event will gather business and technology executives to share their experiences and provide insight into their strategies for deploying AI that

0:14.0

achieves a desirable ROI.

0:16.2

You'll also learn how companies have successfully implemented AI solutions that have improved productivity

0:20.9

and profitability.

0:22.4

This program is proudly sponsored by IBM.

0:25.0

Register at Bloomberg Live.com slash AI slash radio. From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Hide in Edla Lo, Lo. Live from New York and San Francisco, this is Bluebird Technology.

0:58.0

It's interested in Intel's product division, but Intel turns down arms and advances.

1:04.7

And China stocks in the US is set for their best week since 2022.

1:09.1

And money is green.

1:10.6

When it comes to database and nuclear build-out, US Energy Secretary Granholm

1:14.4

supports the US AI efforts to expand even with foreign investment and bring you

1:19.7

her perspective. But first, we start with the latest chip story.

1:24.7

Arm, we understand approaching intel about potentially buying the chipmaker's

1:28.8

product division only to be told that the business isn't for sale according to a source who points out

1:33.8

that Arm didn't express interest in Intel's manufacturing operations. Now

1:37.4

representatives both Arm and Intel declined to comment. Let's break it

1:42.2

all down.

1:42.8

Bloomberg Intelligence Senior Analysts,

1:44.2

Manneep, saying, the rationale here

1:46.6

for a company that designs chips is what, Mandi.

...

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