Qualcomm CEO Cristiano Amon has shown interest in acquiring crisis-stricken competitor Intel, according to report by Reuters.
In recent days, representatives of both parties reportedly met to discuss a possible takeover, but any agreement will take time to iron out. Both The Wall Street Journal and The New York Times also reported on the talks between Qualcomm and Intel.
Exactly how Qualcomm would be able to afford Intel is unclear; the company is said to be sitting on $13 billion in cash, but Intel’s market capitalization is $188 billion.