Qualcomm Reportedly Eyes Intel Units

Qualcomm was tipped as a potential savior for troubled chip rival Intel. According to Reuters, it is interested in divisions that would improve its portfolio. The news comes at a time when Intel is said to be exploring a break-up in a cost-cutting move.

Reportedly, Qualcomm has a particular interest in an Intel PC reference design program, an assertion made two days after the San Diego-based company expanded its Snapdragon X series targeting Microsoft Copilot+ computers. Intel’s server business would also be a good fit for its domestic rival. Reuters stated Qualcomm has eyed Intel’s units“for months, but emphasized no official talks have taken place so far.

Last week the news outlet reported Intel chiefs are preparing to discuss possible actions to improve its finances with the company’s board. In August, details of an Intel sale of its stake in UK chip design company Arm for $147 million emerged, with the US company already outlining plans to shed 15,000 staff as part of a cost-cutting strategy initiated after it booked a $1.6 billion loss in Q2. Details of Qualcomm’s possible interest in Intel units emerged after it unveiled the Snapdragon X Plus 8-core, an expansion to its range of PC chips.