Qualcomm examines possibly buying parts of Intel’s design business, Reuters says – TipRanks.com

Qualcomm (QCOM) has examined the possibility of buying parts of Intel’s (INTC) design business to bolster the company’s product portfolio, Reuters’ Anirban Sen, Max A. Cherney, Milana Vinn and Mike Spector report. According to two sources familiar with the matter, Qualcomm is interested in Intel’s client PC design business, but the company is looking at all of Intel’s design units. Other pieces of Intel such as the server segment would make less sense for Qualcomm to acquire, another source with knowledge of Qualcomm’s operations said. Qualcomm has not approached Intel about a potential acquisition and declined to comment on its plans, an Intel spokesperson said. Intel is “deeply committed to our PC business,” the spokesperson said.