Qualcomm Explores Acquiring Parts of Intel's Design Business

📆 20/09/2024 04:48 p. m.
📰 Investingcom

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According to a Wall Street Journal report, Qualcomm is considering acquiring portions of Intel's design business, particularly its PC unit. This move could see Qualcomm, known for its cell phone chips, take control of a historic Silicon Valley company struggling to adapt to AI-powered chips.

An acquisition would put Qualcomm, known for its cell phone chips, in charge of a storied Silicon Valley business that created the guts of the modern PC but has been struggling to make the switch to chips that support AI.

Once the dominant force in chip-making, Intel has in recent years ceded its manufacturing edge to Taiwanese rival and missed out on the generative AI boom capitalized on by Nvidia (NASDAQ: Intel mostly relies on its own architecture and it is among a minority of U.S. chipmakers that manufactures its chips in-house.

To get the deal done, Qualcomm could intend to sell assets or parts of Intel to other buyers, according to the report.

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Exclusive-Qualcomm has explored acquiring pieces of Intel chip design business, sources sayExclusive-Qualcomm has explored acquiring pieces of Intel chip design business, sources say
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