Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) is reportedly looking at buying parts of Intel Corp (NASDAQ:INTC, ETR:INL), including its chip design business, according to Reuters.
Sources cited by Reuters said the semiconductor and software firm was looking at parts of Intel in order to boost its own product portfolio.
This includes Intel’s PC business, which is of significant interest, according to the sources, but could stretch to any of the firm’s design units.
No firm approach is said to have yet been made, with the report coming as Intel struggles to generate cash and reportedly looks to sell off assets as a result.
Intel had unveiled a 15% reduction in headcount last month and said it would pause dividend payments as it grapples with the likes of a slowdown in the PC market.
The company has signalled the market should get a boost as artificial intelligence is incorporated into PCs, with a board meeting next week set to see chief executive Pat Gelsinger propose measures to generate savings.