Qualcomm recently approached Intel about a potential takeover, though it’s unclear if Intel engaged in talks or what terms were discussed. Intel shares rose 3% on the news, while Qualcomm’s fell by the same margin.

If successful, this could be one of the largest tech mergers, as Intel has a market cap over $90 billion.

Intel, once the top chipmaker, has struggled in 2024 with stock down 53% and missing out on the AI boom, CNBC has reported.

Any deal would face challenges, including antitrust and national security concerns, particularly due to both companies’ business in China.

Written by B.C. Begley