On September 6th, according to sources, Qualcomm is exploring the possibility of acquiring part of Intel's chip design business to enhance its product portfolio.

Reports suggest that Qualcomm's executives are very interested in Intel's customer PC design business, but believe that the server business is not significantly meaningful for Qualcomm to acquire.

This acquisition attempt by Qualcomm also targets Intel's predicament. Due to poor revenue, Intel is currently striving to generate cash and looking to cut its own business divisions as well as sell other assets.

Last month, Intel announced a disastrous Q2 revenue report, declaring layoffs and a suspension of dividend payments, with the market's negative views on Intel being incessant. Amid the current global PC weakness, Intel's client PC business revenue plummeted 8% last year, dropping to $29.3 billion.

Sources say that Intel's executives are working hard to solve the company's cash flow issues to generate blood for future production activities.

Next week, Intel's board of directors will also hold a meeting to review the self-help actions proposed by Intel CEO Pat Gelsinger and other executives, including how to cut businesses and save cash. Potential plans include selling its programmable chip division, Altera.

Yesterday, there was also news that Intel is considering selling part of its stake in the autonomous driving software company Mobileye. Previously, the company had already sold its shares in chip technology manufacturer Arm holdings in the second quarter, cashing out about $147 million.

Earlier this week, Intel also released a new type of personal computer chip called Lunar Lake.

Intel's executives stated that this chip has superior performance in artificial intelligence applications. It is worth noting that most of the manufacturing work for this chip was completed by Taiwan Semiconductor Manufacturing Co., while Intel used to complete chip manufacturing in-house. This indicates that Intel may be adopting new strategies in production, such as cooperating with external manufacturers to improve efficiency or reduce costs.

Regarding this acquisition matter, a spokesperson for Intel said that Qualcomm has not yet contacted Intel about potential acquisition matters and refused to comment on its plans. The spokesperson also stated, "The company is currently deeply focused on the PC business." Qualcomm declined to make any comments.

So far this year, Intel's stock price has fallen by 61.4%, dropping nearly 12% in just the first three days of September. In August, it fell an astonishing 28.3%, due to its Q2 report showing a loss of $1.61 billion and announcing layoffs of 15,000 people. The current stock price is slightly higher than the 52-week low of $18.84 set on August 8th.

Intel's stock price closed down 0.15% at $19.40 on Thursday in Nasdaq trading. After-hours, the stock price rose to $19.47.