There's Another Intel Deal Report Out There. This Time It's About Qualcomm

Qualcomm's stand at an event in Shanghai in November.

Costfoto / NurPhoto via Getty Images

Key Takeaways

  • Qualcomm is reportedly considering buying parts of Intel.
  • A Reuters story said company executives are especially interested in Intel's PC chip design business.
  • It's the latest report to detail possible deal activity for Intel as the chip giant looks to revive interest in its flagging shares.

Qualcomm (QCOM) shares fell following a report that the company has looked into buying segments of Intel (INTC), potentially including its PC chip design business.

Reuters on Friday the maker of semiconductors for mobile devices has explored the idea of purchasing different parts of Intel. One of its sources said that the PC design unit is of “significant interest,” although they are considering all of Intel’s design operations. 

The report is the latest to describe possible deal activity for Intel, which is seeking to reinvigorate interest in its shares. One recent story indicated that it might sell some of its stake in MobilEye (MBLY); another discussed options regarding its foundry business. Intel's shares were recently down about 2%, whileQualcomm's were off more than 3%.

Reuters' Friday story quoted an Intel spokesperson as saying Qualcomm has not approached the company about any acquisitions, and that Intel is “deeply committed” to its PC business. Qualcomm did not immediately respond to Investopedia's request for comment.

Shares of Qualcomm are up some 9% year-to-date, while Intel shares have lost about 60% of their value.

QCOM, INTC

TradingView

Do you have a news tip for Investopedia reporters? Please email us at
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. Reuters. "Exclusive: Qualcomm explores acquiring pieces of Intel chip-design business."

Take the Next Step to Invest
×
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.