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Intel shares pop on report Qualcomm has approached it about takeover

If Qualcomm were to acquire Intel, it would be one of the largest technology deals on record, but would first invite hefty regulatory scrutiny.

It wasn't clear if Intel had engaged in conversations with Qualcomm or what the terms would be, according to a person familiar with the matter who asked not to be named because the information was confidential. On Monday, after a board meeting to discuss strategy, Intel CEO Patrick Gelsinger sent a memo to staff that reiterated the company's commitment to investing heavily in its foundry business, a project that could cost $100 billion over the next five years. The Trump administration blocked the deal the following year on national security concerns, because Broadcom was based in Singapore at the time.

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