The two companies may potentially develop new Internet of Things chips together.
Chipmakers are eager to stake a claim in the new market that promises to make dumb things smart by connecting to the Internet.
Intel doesn't want to repeat the billion-dollar mistakes it made in the mobile market.
Qualcomm expects to close the deal by the summer of 2015, giving it a boost in automotive and connected devices.
Dutch chipmaker NXP will provide the chips required to support the short-range wireless tech known near-field communications, according to the Financial Times.
TSMC may still have to compete with Samsung for processor orders from Apple, according to a report.
Micron Technology is a very big chipmaker that's closer to Apple than it ever has been.
Apple may be looking to acquire a unit of Renesas Electronics that makes LCD chips for mobile devices, according to a Nikkei report. The deal could be worth close to half a billion dollars.
The chipmaker reports first-quarter revenue is mostly flat, though it does see a slight rise in income.
Activist investor Jana Partners has asked the chipmaker to divide its chip and patent licensing businesses in hopes of boosting Qualcomm's sagging share prices.