Qualcomm has explored the possibility of acquiring portions of Intel's chip design business, according to sources familiar with the matter. This potential acquisition aims to boost Qualcomm's product portfolio. Intel is currently looking to shed business units and sell off other assets as it struggles to generate cash. The discussions include interest in Intel's client PC design business, which focuses on laptop and desktop chips. Despite these explorations, an Intel spokesperson mentioned that Qualcomm has not yet approached Intel about a potential acquisition, Reuters reports.
Qualcomm $QCOM has explored the possibility of acquiring portions of Intel's $INTC design business - Reuters
📣 JUST IN: $QCOM Qualcomm Explores Buying $INTC Intel's Chip Design Business to Strengthen Portfolio $AVGO $NVDA $TSM $ARM $AMD $MU $SMCI $MRVL 👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 📍 𝐐𝐮𝐚𝐥𝐜𝐨𝐦𝐦 explores acquiring parts of 𝐈𝐧𝐭𝐞𝐥'𝐬 𝐜𝐡𝐢𝐩 𝐝𝐞𝐬𝐢𝐠𝐧… https://t.co/M7IZoYGLxB
$INTC (+0.2% pre) Exclusive: $QCOM Qualcomm has explored buying pieces of Intel chip design business - Reuters https://t.co/txEBj1L20K