Tesla’s shares have recently experienced a rise following the announcement that they are very close to achieving full self-driving technology. CEO Elon Musk has stated the company is very close to developing this technology, a factor that has greatly increased investor confidence, causing Tesla’s stock prices to climb.
In other tech industry news, Qualcomm, a leading player in the semiconductor industry, has been eyeing Intel’s chip business. This possible takeover presents a significant shift in the chip industry dynamics, further cementing Qualcomm’s dominant position.
The move from Qualcomm comes at a time when Intel has been struggling with its legacy chip manufacturing business. A strategic acquisition like this could bolster Qualcomm’s manufacturing capabilities, enabling it to compete more efficiently in the rapidly evolving tech industry.
However, financial details about the prospective deal have not been disclosed yet. Therefore, it remains uncertain how this potential acquisition might impact Qualcomm’s business structure and the broader semiconductor industry. Future developments in this situation will be closely monitored by investors and industry analysts.