BUZZ-Qualcomm drops; Reuters reports chipmaker's interest in Intel design business

Reuters2024-09-06

** Mobile chipmaker Qualcomm slide 1.3% in US premarket, Intel up 0.1% amid broad chipmakers slide

** QCOM has explored the possibility of acquiring portions of Intel's chip design business, Reuters reported late Thurs

** QCOM is interested in Intel's PC business, a source says

** Chip stocks broadly lower after Broadcom's Q4 revenue forecast miss

** Broadcom down over 9% premarket, Nvidia down nearly 2% and Micron down 1.5%

** Up to last close, QCOM down ~13% YTD vs Philadelphia SE Semiconductor Index's ~14% jump

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; ))

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