Qualcomm is reportedly eyeing a takeover of Intel

Evidently Qualcomm sees Intel’s struggling enterprise as a possible alternative. The San Diego-based chipmaker has reportedly expressed an curiosity in taking up Intel “in latest days,” in line with a brand new in The Wall Avenue Journal.

Although the report cautions that such a deal is “removed from sure,” it will be a significant upheaval within the US chip trade. It will additionally, as The WSJ notes, doubtless increase antitrust questions. However Qualcomm’s reported curiosity in a takeover underscores simply how a lot Intel’s enterprise has struggled over the past yr.

Intel introduced plans to chop final month as its quarterly losses climbed to $1.6 billion. Its foundry enterprise can also be struggling, with an working lack of $2.8 billion final quarter. CEO Pat Gelsinger introduced plans earlier this week to separate its foundry enterprise right into a separate unit from the remainder of Intel.

Intel declined to touch upon the report. Qualcomm didn’t instantly reply to a request for remark.