Qualcomm appears to view Intel’s current business challenges as a potential acquisition opportunity. The San Diego-based semiconductor company has recently shown interest in acquiring Intel, as reported by The Wall Street Journal.
Although such a deal is described as "far from certain," it would represent a significant shift in the US chip industry. Additionally, The Wall Street Journal suggests that the potential acquisition could prompt antitrust concerns. Qualcomm’s expressed interest highlights the extent of Intel’s struggles over the past year.
Intel had announced plans to lay off 15,000 employees last month, as it faced quarterly losses amounting to $1.6 billion. The company’s foundry business is also encountering difficulties, with an operating loss of $2.8 billion reported in the last quarter. In response, Intel’s CEO, Pat Gelsinger, revealed earlier this week that the foundry business would be separated into its own distinct unit.
Intel has declined to comment on the report, and Qualcomm has not yet responded to requests for comment.
