In recent days, bidders have been circling Intel after the company registered disastrous financial results in quarter two of this year. Intel reported a $1.6 billion loss in this quarter and announced 15,000 layoffs in the company as part of a strategy to save $10 billion.

Intel’s Struggle

Since the beginning of this year, Intel shares price has dropped by close to 60%. Apollo’s investment in Intel will most likely be in the form of equity.

Last week, the company announced that it was spinning off its processor manufacturing unit, Intel Foundry. Intel made the announcement soon after the unit signed a deal to make Intel AI chips for Amazon Web Services. The announcement gave the company a vote of confidence, causing Intel share prices to rise by 8% following this announcement.

The tech giant also said it was halting construction of two chip factories in Poland and Germany.

Apollo’s Investment in Intel

Intel and Apollo have an ongoing working relationship. Apollo holds a 49% stake in Intel’s Fab 34 factory in Ireland after it invested $11 billion to finance its construction.

Apollo’s attention was captured by Intel’s current financial position. Bloomberg reported that people who are familiar with the discussions between the two firms said Apollo offered $5 Billion to Intel towards the end of last week. Intel executives have been considering Apollo’s offer. However, discussions about the deal are still in preliminary stages.

There is a possibility that the size of Apollo’s investment in Intel may change and that discussions about a deal may fail to materialize. None of the companies has commented about the deal.

Qualcomm’s Interest

Intel’s rival chip manufacturer Qualcomm has been eying Intel for a takeover. The company approached Intel to discuss a possible takeover on Friday, September 20. Though Qualcomm is yet to place a formal bid, its CEO, Cristiano Amon is leading the negotiations.

Qualcomm was previously interested in buying off Intel’s design business. But now it’s going for the entire company. Qualcomm is a fabless chip manufacturer that’s focused on the mobile space. Acquiring Intel would give it manufacturing capabilities and provide it with a pathway into the data center chip market. At the moment, Qualcomm manufactures its devices at TSMC in Taiwan.

Intel and Qualcomm have been caught up in stiff competition in the manufacturing of PC chips. Early this month, Qualcomm unveiled a new AI-powered PC processor. In a bid to overturn Intel’s dominance in the PC processor market.

Intel currently holds huge government contracts. Last week, the company announced that it had signed up to build chips for the US Defence Department worth $3 billion. Intel entered into a preliminary non-binding agreement with the U.S. Department of Commerce in March of this year. This agreement paves the way for the company to receive $8.5 billion in direct funding under the Chips and Science Act.

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State of Sales

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Sales Tech Star News reported that the integrated solutions give sales professionals access to contact and buyer intelligence data. Sales teams need this data to speed up sales pipelines and close deals.

Unified Data

The 6sense and Gong partnership allows the two platforms to adopt a unified data approach. This approach enables the companies to streamline the sales process. It also improves operational efficiency across the entire cycle.

“The B2B selling environment is increasingly challenging, we need to give sellers the tools they need to reach new heights. Arming sales teams with intelligence right within their workflow accelerates their path to efficient revenue generation. Our partners at Gong share our goal to help sellers be more effective and predictable in their pursuit of winning more opportunities,” 6sense Chief Revenue Officer, Latané Conant said.

Gong Engage is a complete B2B sales engagement solution. It allows users to create, manage, and convert sales leads. Engage gives sales professionals a clear view of the history their company has had with each account.
This clarifies the context and makes it easier to personalize interactions. Engage uses AI to provide task recommendations based on customer interactions. Sales teams can use it to improve collaboration and improve efficiency.

Focus on Revenue Growth

The 6sense-Gong expanded partnership is focused on helping businesses to grow their sales revenue. The new integration involves embedding data and intent signals from 6sense with Gong Engage. This will provide centralized workflows for sales executives. It’ll also provide buyer insights to enable them to fast-track the selling process.

“Enterprise leaders are increasingly focused on three areas to speed up revenue growth: increasing seller productivity, improving revenue predictability, and driving efficient growth. Our expanded partnership with 6sense delivers on this by bolstering Gong Engage with powerful predictive analytics capabilities that help sellers generate pipelines and close more deals, faster,” Gong’s EVP Product Strategy and Ecosystem, Eran Aloni said.

Sales Intelligence

6sense Revenue AI for Sales offers advanced buyer insights. Gong Engage users will use these insights to identify high-value intent activities. They’ll use it to find contact information for key decision makers. The insights will enable them to personalize sales outreaches and reduce the average deal closure time.

6sense Revenue AI for Sales is a sales platform that’s designed to boost sales teams’ efficiency and effectiveness. Sales representatives use it to rank sales-ready accounts. They also use it to get buyer intelligence and contact data.

The platform utilizes AI to provide buyer activity insights. This enables sales teams to focus on the most promising leads. It also increases their productivity and improves sales outcomes.

Implementation of the 6sense Gong partnership has commenced. 6sense’s predictive analytics and advanced intent has been integrated with Gong Engage. Gong Engage customers are already improving workflow efficiency on the sales enablement platform.

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