Qualcomm appears to see Intel’s struggles as a potential opportunity: The San Diego-based chipmaker was recently reported to have expressed interest in buying Intel. in The Wall Street Journal.
The report warns that such a deal is “not certain,” but it would be a major disruption to the U.S. semiconductor industry. The Wall Street Journal Qualcomm’s reported interest in buying the company highlights how Intel’s business has struggled over the past year.
Intel announced plans to cut jobs last month after reporting a quarterly loss of $1.6 billion. Its foundry business has also struggled, posting an operating loss of $2.8 billion last quarter. CEO Pat Gelsinger announced plans earlier this week to separate the foundry business from the rest of Intel’s operations.
Intel declined to comment on the report, and Qualcomm did not immediately respond to a request for comment.
