In fact, Chipzilla may not be worth much to Qualcomm unless it can renegotiate the x86/x86-64 cross-licensing patent agreement between Intel and AMD, which dates back to 2009. That agreement is terminated if a change in control happens at either Intel or AMD.

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

The chipmaker Qualcomm has approached its rival Intel in recent days about the possibility of acquiring the slumping Silicon Valley giant, two people familiar with the matter said Friday, requesting anonymity because the talks were confidential.

Intel, once the world’s largest chipmaker, has been struggling with flagging sales and mounting losses — exacerbated by the loss of its technological edge.

The Wall Street Journal reports Qualcomm approached Intel about a possible takeover — is this how Arm vs. x86 ends?

Qualcomm has approached chipmaker Intel about a possible takeover in recent days, according to a Wall Street Journal report Friday. Intel has been suffering its own recent failures, and a Qualcomm acquisition would be a big deal for the chip market.

Chip giant Qualcomm made a takeover approach to rival Intel in recent days, according to people familiar with the matter, in what would be one of the largest and most consequential deals in recent years.

Patrick Moorhead, Moor Insights & Strategy CEO, joins 'Closing Bell Overtime' to talk recent reports that Qualcomm approached Intel about a takeover.