Chipmaker Qualcomm Considers Acquisition of Intel

Qualcomm Inc. has approached Intel Corp. to discuss a possible takeover of the ailing chipmaker, people familiar with the matter said, in what appears to be one of the largest mergers and acquisitions ever.

California-based Qualcomm in recent days proposed a friendly takeover for Intel, according to the people, who spoke on condition of anonymity to discuss confidential information. The approach is for all chipmakers, though Qualcomm has not ruled out buying or selling parts of Intel in a combination.