At the time, Intel CEO Pat Gelsinger said the company would stop all nonessential work and has since announced it will spin off its chipmaking business, a part of the company that it had long touted as a strength over rival AMD and the many fabless chipmakers that rely on entities like Taiwan’s TSMC to produce all of their actual silicon.

A new report claims Qualcomm has approached Intel about a possible takeover of the company in recent days. The report claims a potential buyout or deal is "far from certain" at this stage.

Recent reports seem to point towards Qualcomm having approached Intel about a possible takeover of the entire chip manufacturer.