06:24 AM EDT, 10/16/2024 (MT Newswires) -- Qualcomm ( QCOM ) is likely to wait for the results of the US elections in November before deciding whether to acquire Intel ( INTC ) due to the future administration's potential impact on regulations, Bloomberg News reported Wednesday, citing unidentified sources familiar with the matter.

The election's results could provide Qualcomm ( QCOM ) with more clarity on future trade relations with China and antitrust policies in the US, and Qualcomm ( QCOM ) may wait until after the inauguration of the new president in January, the report said.

The timing and whether Qualcomm ( QCOM ) will make an offer for Intel ( INTC ) are uncertain as the company's deliberations on the potential transaction continue, the report added.

Qualcomm ( QCOM ) and Intel ( INTC ) did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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