It seems that Qualcomm sees Intel’s struggling business as a potential opportunity. The San Diego chipmaker has reportedly expressed interest in acquiring Intel “in recent days,” according to The Wall Street Journal.
Although the report cautions that such a deal is “not guaranteed,” it would be a major upheaval for the US chip industry. It can also be, as WSJ data notes, probably raising questions of dishonesty. But Qualcomm’s reported interest in a takeover underscores just how difficult Intel’s business has been over the past year.
Intel announced the layoff plans last month as its quarterly loss rose to $1.6 billion. Its inventory business is also struggling, with an operating loss of $2.8 billion last quarter. CEO Pat Gelsinger announced plans earlier this week to split its core business into a separate unit from the rest of Intel.
Intel declined to comment on the report. Qualcomm did not immediately respond to a request for comment.
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