Intel Corporation is reportedly considering a takeover bid for Qualcomm Incorporated, sending Qualcomm’s stock soaring by more than 10% in after-hours trading. According to sources familiar with the matter, Intel has held preliminary talks with Qualcomm about a potential acquisition. No deal is imminent, and the discussions could still fall apart. Intel and Qualcomm are both major players in the semiconductor industry, and a merger would create a formidable competitor in the market.
