Qualcomm is considering a deal to buy chipmaker Intel, according to The Wall Street Journal

Qualcomm has recently contacted Intel to to consider a possible acquisition of the technology company, although it is a deal that is “far from certain,” as reported by The Wall Street Journal (WSJ).

The American technology company, developer of Snapdragon processors for smartphones as well as PCs, With the new Snapdragon X Elite and X Plus, it continues to look for ways to advance in the chip sector, for which it has proposed the purchase of one of the rival companies in the market.

Specifically, Qualcomm has come up with a purchase agreement for Intel and has been in contact with the technology company recently, as they have announced Company related sourceswhich have been accessed by media such as WSJ and The New York Times.

For the moment, this agreement It is not an official offer to Intel And, furthermore, as WSJ has clarified, related sources have indicated that “it is far from certain“, since it raises certain difficulties such as facing antitrust investigations by various authorities, as it is the acquisition of one of the main processor technology companies at a global level.

Following this line, the aforementioned media has also indicated that part of the Qualcomm agreement would include the possibility of selling Intel assets or parts to other buyers.

The approach of this agreement is framed in a complex moment for Intel which, during the last year 2023, registered loss of profitsreducing them to a 79 percent. This trend has continued throughout this year 2024, for example, the technology company registered a collapse in August of more than 25 percent on the New York Nasdaq, after announcing Losses of $1.61 billion (1,474 million euros) during the second quarter.

Likewise, all this is also reflected in the staff layoffswhich in August of this year, carried out an adjustment plan that included the departure of 15 percent of its workforce, some 18,000 employees.

At the time the agreement was known, Intel had a market value of $87 billion (about 78.375 billion euros at the current exchange rate), as WSJ has pointed out. For its part, Qualcomm had a market value of $185 billion (around 166.759 billion euros at the current exchange rate).