Qualcomm explores friendly takeover of Intel — Know more about potential transformational deal for chip sector

Intel — once the world’s largest chipmaker — might soon face a friendly takeover bid from Qualcomm. Reports quoting people in the know suggested that talks had recently begun for a purchase of the company in its entirety. The development came even as the struggling company announced a raft of changes this week aimed at getting its business back on track.

According to a Wall Street Journal report, Qualcomm had approached its rival in recent days to discuss a potential acquisition.