Qualcomm Said to Consider Buying Intel’s PC Design Business
Qualcomm has looked at parts of Intel’s chip design business as potential acquisition targets, according to Reuters. The division of Intel that designs chips for PCs was especially attractive, one source told the news agency.
Qualcomm has been mulling over the plans for months, said the report, but fresh signs of strain on Intel’s business may accelerate a sale. Intel last month said it would cut more than 15% of its staff after revenue fell and costs soared in the second quarter. Intel CEO Pat Gelsinger is expected to propose parts of the business for a potential sell-off later this month, Reuters previously reported.
Qualcomm, which develops wireless technologies, competes against Intel in the market for mobile and PC chips. In the past week, the two companies unveiled rival PC chips: Qualcomm announced the Snapdragon X Plus 8-core on Wednesday, a day after Intel debuted its Lunar Lake chips.
Reuters first reported the news.