Qualcomm appears to see Intel's struggling business as a potential opportunity. The San Diego-based chipmaker has reportedly expressed interest in acquiring Intel “in recent days,” according to a new report. in The Wall Street Journal.
While the report cautions that such a deal is “far from certain,” it would be a major shift in the U.S. chip industry. Also, as The WSJ The press releases are likely to raise antitrust concerns, but Qualcomm's interest in an acquisition highlights just how much Intel has suffered over the past year.
Intel announced cutback plans last month, when its quarterly loss hit $1.6 billion. Its foundry business is also struggling, with an operating loss of $2.8 billion last quarter. Chief Executive Pat Gelsinger announced plans earlier this week to spin off its foundry 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.
