It seems that Qualcomm sees Intel’s struggling business as a potential opportunity.The San Diego-based chipmaker has reportedly expressed an interest in taking over Intel “in recent days,” according to a new report in Though the report cautions that such a deal is “far from certain,” it would be a major upheaval in the US chip industry.It would also, as notes, likely raise antitrust questions.
But Qualcomm’s reported interest in a takeover underscores just how much Intel’s business has struggled over the last year.Intel announced plans to cut 15,000 jobs last month as its quarterly losses climbed to $1.6 billion.Its foundry business is also struggling, with an operating loss of $2.8 billion last quarter.CEO Pat Gelsinger announced plans earlier this week to separate its foundry business into a separate unit from the rest of Intel.Intel declined to comment on the report.
Qualcomm didn’t immediately respond to a request for comment.
