Evidently Qualcomm sees Intel’s struggling enterprise as a potential alternative. The San Diego-based chipmaker has reportedly expressed an curiosity in taking on Intel “in recent days,” in response to a new report in The Wall Avenue Journal.
Although the report cautions that such a deal is “far from certain,” it could be a main upheaval within the US chip business. It might additionally, as The WSJ notes, possible increase antitrust questions. However Qualcomm’s reported curiosity in a takeover underscores simply how a lot Intel’s enterprise has struggled during the last yr.
Intel introduced plans to chop 15,000 jobs final month as its quarterly losses climbed to $1.6 billion. Its foundry enterprise is additionally struggling, with an working loss of $2.8 billion final quarter. CEO Pat Gelsinger introduced plans earlier this week to separate its foundry enterprise into a separate unit from the remainder of Intel.
Intel declined to touch upon the report. Qualcomm didn’t instantly reply to a request for remark.
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