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cailianshe news, august 27 (editor: huang junzhi)qualcomm has been exploring the possibility of acquiring part of intel's design business to enrich the company's product portfolio, according to two people familiar with the matter.

qualcomm is exploring the possibility of acquiring different units of intel, according to the two people familiar with the matter.qualcomm execs are interested in intel's client pc design business, but is also looking at all of its design divisions. another source familiar with qualcomm's operations said that acquiring intel's other businesses, such as its server business, would not make much sense for qualcomm.

but for now, qualcomm's interests and plans are not finalized and may change.

an intel spokesman said qualcomm had not approached intel about a possible acquisition and declined to comment on its plans. the spokesman said intel is "strongly committed to the pc business." qualcomm declined to comment.

but,intel’s current situation is indeed not optimistic, and the biggest problem is lack of money.last month, the company released one of the worst earnings reports in its 56-year history, causing its stock price to fall by nearly a third and wiping out more than $30 billion in market value overnight.

the above financial report shows that intel's q2 performance data were all below expectations, and it gave disappointing third-quarter performance guidance due to reduced spending on traditional data center chips and the market's focus on artificial intelligence chips, in which intel lags behind its competitors.

as of the end of june, intel had cash and cash equivalents of $11.29 billion and total current liabilities of about $32 billion.

to get back on track, intel said it would lay off more than 15% of its employees as part of a $10 billion cost-cutting plan. the company also said it would suspend dividends from the fourth quarter of 2024 and reduce full-year capital expenditures by more than 20%. it is worth noting that intel has been paying dividends since 1992, and this is the first time it has suspended dividends in the past 32 years.

the company also sold its stake in chip technology maker arm holdings in the second quarter for $147 million.

intel's board of directors will meet next week to weigh proposals from intel ceo pat gelsinger and other executives to cut businesses to save cash. potential options reportedly include selling its programmable chip unit altera.