03:27 AM EDT, 09/09/2024 (MT Newswires) -- (Updates with Intel's ( INTC ) response in the fourth paragraph.)

Qualcomm ( QCOM ) is considering the acquisition of parts of Intel's ( INTC ) chip design business, Reuters reported Friday, citing two sources familiar with the matter.

Qualcomm ( QCOM ) is especially interested in Intel's ( INTC ) PC design business though it is considering all the company's design units, the Reuters report said.

Qualcomm ( QCOM ) has not asked Intel ( INTC ) about any potential acquisition, Reuters reported.

"We're not going to comment on other companies," Intel ( INTC ) said in an email to MT Newswires. "As we have said publicly, Intel ( INTC ) is deeply committed to this business, including our market-leading position in the PC category."

Qualcomm ( QCOM ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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