It appears that Qualcomm sees Intel’s struggling business as a potential opportunity. The San Diego-based chip maker has expressed interest in taking over Intel “in recent days,” according to a new study. in The Wall Street Journal.
Although the report cautioned that such a deal is “far from certain,” it would be a major shakeup in the U.S. chip industry. Like this WSJ records likely raise antitrust questions. But Qualcomm’s interest in the acquisition underscores just how difficult Intel’s business has been over the past year.
Intel announced plans for layoffs last month, its quarterly losses rose to $1.6 billion. Its foundry business is also struggling with an operating loss of $2.8 billion in the latest quarter. CEO Pat Gelsinger announced earlier this week that he plans to spin off the foundry business into a separate division from the rest of Intel.
Intel declined to comment on the report. Qualcomm did not immediately respond to a request for comment.
