Qualcomm may be viewing Intel’s recent business difficulties as an opportunity for acquisition. The San Diego-based chip manufacturer has reportedly shown interest in taking over Intel, according to a report by The Wall Street Journal.
Although the report indicates that a potential deal is "far from certain," such an acquisition could significantly disrupt the US chip industry. It would also likely attract antitrust scrutiny, as noted by The Wall Street Journal. Qualcomm’s reported interest highlights the extent of Intel’s struggles over the past year.
Intel recently announced plans to reduce its workforce by 15,000 jobs as its quarterly losses increased to $1.6 billion. Additionally, Intel’s foundry business posted an operating loss of $2.8 billion last quarter. CEO Pat Gelsinger has outlined plans to separate the foundry business into an independent unit from the rest of Intel.
Intel has declined to comment on the report, while Qualcomm has not yet responded to requests for comment.