SAN FRANCISCO/NEW YORK : Qualcomm has explored the possibility of acquiring portions of Intel's design business to boost the company's product portfolio, according to two sources familiar with the matter.
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. Qualcomm has not approached Intel about a potential acquisition and declined to comment on its plans, an Intel spokesperson said. Intel is"deeply committed to our PC business," the spokesperson said.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.
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.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.
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