02:08 PM EDT, 09/05/2025 (MT Newswires) -- Qualcomm ( QCOM ) Chief Executive Officer Cristiano Amon said Intel's ( INTC ) current production technology is not good enough for the chipmaker to be contracted as a supplier, Bloomberg reported Friday.

Qualcomm ( QCOM ) would consider being a customer of Intel ( INTC ) if the chipmaker is able to improve its manufacturing techniques to make more efficient chips, Amon said, according to the report.

"Intel ( INTC ) is not an option today," Amon was quoted by Bloomberg. "We would like Intel ( INTC ) to be an option."

Qualcomm ( QCOM ) will continue with current producers Taiwan Semiconductor Manufacturing ( TSM ) and Samsung Electronics, the report said.

Intel ( INTC ) did not immediately respond 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.)

Price: 159.32, Change: -0.39, Percent Change: -0.24