Qualcomm is reportedly eyeing a takeover of Intel

Qualcomm has shown interest in acquiring Intel, a move that highlights Intel's current struggles in the chip industry.

: Qualcomm is reportedly interested in acquiring Intel. Intel has struggled recently, announcing 15,000 job cuts and posting a $1.6 billion quarterly loss. CEO Pat Gelsinger plans to separate Intel's foundry business after it experienced a $2.8 billion operating loss last quarter. The potential acquisition would be a significant event in the US chip industry and could raise antitrust questions.

Qualcomm has reportedly expressed interest in acquiring Intel, as detailed in a recent report by The Wall Street Journal. However, the report cautions that such a deal is not certain, but it underscores how much Intel's business has struggled recently.

Last month, Intel announced plans to cut 15,000 jobs due to escalating quarterly losses which have reached $1.6 billion. Additionally, Intel's foundry business is struggling significantly, reporting an operating loss of $2.8 billion in the last quarter, prompting CEO Pat Gelsinger to announce its separation into a standalone unit.

Intel declined to comment on the potential acquisition, and Qualcomm did not immediately respond to a request for comment. If the deal proceeds, it would cause a significant shift in the US chip industry and likely prompt scrutiny regarding antitrust issues.

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