Qualcomm is a popular figure in the smartphone industry, thanks primarily to its Snapdragon series of chipsets that power both midrange and flagship phones. The company's reach ex

Intel's shares reversed course to rise 8%, while Qualcomm fell 4% in afternoon trade. Intel has been attempting to turn its business around by focusing on its chip foundry unit and artificial intelligence processors,

Qualcomm is reportedly in early talks for a potential acquisition of Intel, valued at $122 billion. Despite Intel’s declining performance, Qualcomm believes an all-American merger might ease antitrust concerns.