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Recently, the technology industry ushered in a blockbuster news, the global mobile chip giant Qualcomm is actively exploring the possibility of acquiring part of Intel's equity, its core target is Intel's design business.

According to Reuters, the main target of Qualcomm's acquisition is Intel's design business. Qualcomm intends to further enrich its product portfolio and enhance its position in the fierce market competition by integrating Intel's advanced design resources with its own technological advantages. Qualcomm has considered buying different businesses from Intel, which is struggling to generate cash and wants to spin off business units and sell other assets.

Qualcomm executives are very interested in Intel's client PC design business, but they are looking at all of the company's design divisions, one of the sources said.

Another source with knowledge of Qualcomm's operations said it would make little sense for Qualcomm to buy Intel's other businesses, such as its server business.

In response, an Intel spokesman said Qualcomm has not approached Intel about an acquisition and declined to comment on its plans. Intel "takes the PC business very seriously," the spokesman said.

Qualcomm declined to comment.

Intel has had a number of negative headlines recently, in addition to the sale of autonomous driving systems supplier Mobileye Global Inc. Part of the equity, the chip foundry business suffered a major setback. It is reported that Intel's latest 18A manufacturing process failed to pass the rigorous testing of chipmaker Broadcom, the result not only dealt a heavy blow to Intel's foundry business (Intel Founry), but also further complicate its turnaround plan.

Intel is also looking to turn around and may consider spinning off its Intel Foundry business to save itself, including the sale of its FPGA business, Altera.

In addition, Intel is facing both internal and external pressures. Lip-Bu Tan, a semiconductor industry veteran, quit Intel's board in late August after disagreements with Kissinger and other directors over the company's redundant workforce size, risk-averse culture and lagging artificial intelligence strategy.

In the second quarter, Intel reported revenue of $12.8 billion, down 1% from a year earlier and well below market expectations. Net profit swung from a profit to a loss of $1.6 billion, compared with a profit of $1.5 billion a year earlier. Third-quarter revenue is also forecast to be lower than expected. As a result, the company plans to cut more than 15% of its workforce, or 15,000 jobs, and suspend its dividend for the fourth quarter. The news sent Intel shares tumbling.

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