Intel Corporation (INTC) shares gained 4.5% in extended trading on Tuesday, following a report that Qualcomm Inc. (QCOM) has approached Intel about a potential takeover. According to sources familiar with the matter, Qualcomm has discussed a possible acquisition of Intel with advisors, but no deal is imminent. The potential deal comes as Qualcomm is looking to expand its presence in the chip market beyond mobile and into areas such as automotive and internet of things.
