It appears that evidently Qualcomm sees Intel’s struggling enterprise as a possible alternative. The San Diego-based chipmaker has reportedly expressed an curiosity in taking up Intel “in latest days,” based on a brand new in The Wall Road Journal.
Although the report cautions that such a deal is “removed from sure,” it will be a significant upheaval within the US chip business. It might additionally, as The WSJ notes, probably increase antitrust questions. However Qualcomm’s reported curiosity in a takeover underscores simply how a lot Intel’s enterprise has struggled over the past yr.
Intel introduced plans to chop final month as its quarterly losses climbed to $1.6 billion. Its foundry enterprise can be struggling, with an working lack of $2.8 billion final quarter. CEO Pat Gelsinger introduced plans earlier this week to separate its foundry enterprise right into a separate unit from the remainder of Intel.
Intel declined to touch upon the report. Qualcomm didn’t instantly reply to a request for remark.
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