-advertisement-

Qualcomm (QCOM.O), opens new tab has explored the possibility of acquiring portions of Intel's (INTC.O), opens new tab design business to boost the company's product portfolio, according to two sources familiar with the matter.

The mobile chipmaker has examined acquiring different pieces of Intel, which is struggling to generate cash and looking to shed business units and sell off other assets, the people said.

Intel’s client PC design business is of significant interest to Qualcomm executives, one of the sources said, but they are looking at all of the company’s design units.

The $184 billion Qualcomm, which is known for chips found in smartphones and counts Apple as a customer, has been working on plans to buy pieces of Intel for months. Qualcomm’s interest and plans have not been finalized and could change, according to the sources.

Intel reported a disastrous second quarter last month, which included a 15% reduction in its staff and a pause on paying dividends. Executives are grappling with how to continue to fund the company’s manufacturing plans and generate cash.

Its PC client business revenue dropped 8% to $29.3 billion last year, amid overall weakness in the PC market.

Once known for it's "Intel Inside" marketing campaign, Intel’s client group makes laptop and desktop chips used in machines around the world. Executives have said the introduction of artificial intelligence PCs will drive consumers to upgrade their computers and generate more sales.

Qualcomm generated $35.82 billion in overall revenue in its last fiscal year.

Earlier this week Intel launched a new PC chip called Lunar Lake that its executives said offers superior performance for AI applications. Taiwan Semiconductor Manufacturing Co. (2330.TW), opens new tab fabricated significant portions of the chips, which Intel historically did in-house.

Editor：Vicky

▼▼▼

VIS and NXP announce establishment of VSMC joint venture

Q2 2024 global semiconductor billings increased: SEMI report

PSMC's Logic-DRAM technology adopted by AMD and global leaders to power next-gen AI chips

Samsung said to slash 8% of sales team in mainland China amid weak performance

China's first-half chip equipment spending hits $25 Billion, surpassing Korea, Taiwan, and the US combined

U.S. stocks tumble, Nvidia suffers record $279 billion loss in market value