What’s bad for US semiconductor manufacturing (I.e. a poor and cash starved Intel) buys China more time to catch up to frontier fab tech. If Qualcomm buys Intel, the optimistic scenario (for the US) is a stronger domestic player.
Is it though? Qualcomm is more likely to just strip Intel for parts than to turn it around and we'll just end up with more market concentration and less competition.
"So, why is Qualcomm under so much pressure? China is one significant reason. China is one of their critical worldwide markets and both the US and China governments seem to be increasing pressure on various US companies, including Apple, Qualcomm and Google."