Reuters reported that Qualcomm CEO Cristiano Amon is "personally involved" in the negotiations to takeover Intel.

Intel finds itself in its weakest position in years, and now stories have surfaced saying Qualcomm has approached Intel about a possible takeover. | Qualcomm CEO Amon is said to be personally involved in negotiations to acquire Intel,

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 in talks to acquire industry rival Intel, per new reports. The CEO of Qualcomm, Cristiano Amon, is said to be personally involved in the negotiations. A deal has not been struck yet, though there are several unanswered questions about how Qualcomm will manage Intel's diverse portfolio.

Intel Corporation’s struggles may make it an acquisition target for Qualcomm Incorporated, but it faces risks and regulatory issues. Click for more on QCOM, INTC.

Qualcomm has reportedly approached Intel to discuss a potential acquisition, according to sources familiar with the situation. This move, initiated by Qualcomm CEO Cristiano Amon, marks an effort to explore a deal with the troubled chipmaker.