Qualcomm CEO Cristiano Amon is personally involved in the negotiations to acquire five-decade-old Intel, according to the source who was briefed on the matter. Another person familiar with the situation said Amon has been actively examining various options for a deal for the company.
Earlier this month, Reuters reported that Qualcomm explored the possibility of acquiring portions of Intels design business and that its PC design unit was of particular interest. Qualcomm executives were examining Intels entire portfolio of businesses.
The conversations with Intel are at an early stage. The San Diego-based company has not made a formal offer for Intel, according to third person familiar with the matter.
The sources requested anonymity as the discussions are confidential.
Intel declined to comment. Qualcomm did not immediately respond to a request for comment.
