Evidently Qualcomm sees Intel’s struggling enterprise as a possible alternative. The San Diego-based chipmaker has reportedly expressed an curiosity in taking on Intel “in current days,” in keeping with a brand new report in The Wall Road Journal.
Although the report cautions that such a deal is “removed from sure,” it might be a significant upheaval within the US chip trade. It will additionally, as The WSJ notes, doubtless increase antitrust questions. However Qualcomm’s reported curiosity in a takeover underscores simply how a lot Intel’s enterprise has struggled over the past 12 months.
Intel introduced plans to chop 15,000 jobs final month as its quarterly losses climbed to $1.6 billion. Its foundry enterprise can also be struggling, with an working lack of $2.eight billion final quarter. CEO Pat Gelsinger introduced plans earlier this week to separate its foundry enterprise right 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.