Arm Holdings approached Intel Corp about potentially buying the ailing chip maker’s product division, only to be told that the business is not for sale, according to a person with direct knowledge of the matter.
In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations, said the person, who asked not to be identified because the discussions were private.
Representatives for Arm and Intel declined to comment.
Intel, once the world’s largest chip maker, has become the target of takeover speculation since a rapid deterioration of its business this year.
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