Chipmaker Qualcomm to explore potential acquisition of Intel: Report

Qualcomm Inc. has approached Intel Corp. to discuss a potential acquisition of the struggling chipmaker, people with knowledge of the matter said, raising the prospect of one of the biggest-ever M&A deals.

California-based Qualcomm proposed a friendly takeover for Intel in recent days, according to the people, who asked not to be identified discussing confidential information. The approach is for all of the chipmaker, though Qualcomm hasn’t ruled out buying or selling parts of Intel in a combination.