Qualcomm Considers Buying Part of Intel’s Chip Business

Qualcomm is considering buying part of rival Intel’s existing semiconductor business, two unnamed sources confirmed to the news agency Reuters at least the survey on the subject already exists.

According to the report, PC chip design industry is one potential target From Qualcomm. But the company is also considering other competing units for future discussions and has been working on the possibilities for several months.

Qualcomm has made waves in the laptop space once again recently with the launch of its Snapdragon X Plus and Snapdragon X Elite processors, particularly with their artificial intelligence (AI) capabilities and partnership with Microsoft’s Copilot.

Servers are also one of the segments that Qualcomm is unlikely to buy, according to sources, because it “doesn’t make sense” strategically and commercially.

On a note, Intel denies ongoing talks He said the following regarding the matter:We are deeply committed to our PC businessQualcomm declined to comment on the matter.

Intel’s bad phase

Despite Intel’s denial, the company is actually considering selling the units, aiming to balance the books after a series of disastrous tax reports and little prospect of recovery without radical changes to its structure.

The company announced at the beginning of August this year that 15% of its employees (about 15 thousand people) were laid off and that the budget would be cut by a planned $ 10 billion. With profits falling and expenses rising in 2023, the brand revealed the biggest loss in its history.

To make matters worse, the company’s finishers suffered failures, creating an image crisis in the brand’s most popular sector.

A strategic cost-cutting plan is expected to be presented to the company’s board soon by Intel CEO Pat Gelsinger, with the expectation of providing information such as the units and divisions the brand will sell.