San Francisco, Sep 21
Chip giant Qualcomm has reportedly approached rival semiconductor firm Intel about the possibility of acquiring it but has not made any official offer yet.
Multiple reports on Saturday claimed that Qualcomm has been considering a "full takeover" of US semiconductor manufacturer.
A report in The Wall Street Journal first revealed that although a deal is “far from certain,” the two companies have held talks on the subject.
Both Qualcomm and Intel declined to comment on the reports.
With a market capitalisation of about $93 billion, Intel has seen its stock nosedive more than 40 per cent over the last year. On the other hand, Qualcomm has witnessed its shares rise 55 per cent, with a market value of $169 billion.
In 2020, Intel lost its big client Apple as the iPhone maker transitioned from Macs to its own silicon chips built on the ARM architecture.
Although the US company still dominates the PC market with its chips, the original equipment makers are fast adopting the ARM architecture.
Compared to Intel x86, the ARM architecture is more efficient when it comes to energy consumption and thermals.