Qualcomm has reportedly expressed interest in acquiring Intel to explore acquisition opportunities, a move that could reshape the technology landscape.
Qualcomm CEO Cristiano Amon is leading the talks, although no official offer has yet been made.
Intel, once a leader in chipmaking, has struggled recently, losing market value and falling behind rivals such as TSMC and Nvidia.
At the same time, Apollo Global Management has offered to inject $5 billion in investment funds into Intel, signaling confidence in the company's turnaround strategy under CEO Pat Gelsinger.
Intel is working on restructuring and focusing on AI processing and chip contract manufacturing to recover from its financial woes.
The investment will support Intel's plans to regain its manufacturing edge and expand its product offerings, despite recent setbacks.
Qualcomm's interest and potential Apollo investment highlight Intel's important role in the growing semiconductor industry.
If the deal goes through, it could have far-reaching implications for the future of Intel and the broader chip market.
