Tianfeng International's well-known Apple analyst Guo Mingchi said that acquiring Intel would only benefit Qualcomm's AI PC chip business. However, considering Microsoft's commitment to WoA (its latest Surface models all use Qualcomm processors/ARM architecture), Qualcomm's growth in the PC market is only a matter of time. In addition, looking at Intel's market cap of approximately $93 billion, this merger would impose enormous financial pressure on Qualcomm and could have an immediate negative impact on its profitability, potentially causing the net margin to drop from the current 20%+ to single digits or even losses (wafer foundry business being the biggest burden). Furthermore, considering the subsequent anti-monopoly investigations by various countries, it would be difficult for this merger to be completed in the short term. Therefore, it seems that Qualcomm does not have a strong motive to acquire Intel. If this merger were to happen, it would be a disaster for Qualcomm.