Qualcomm's Interest in Buying Rival Intel Fading

Semiconductor maker Qualcomm's interest in acquiring rival Intel is souring, according to reports. Qualcomm had approached Intel about a takeover, but the complexities of a potential deal have cooled Qualcomm's interest. It is still possible that Qualcomm could be interested in buying parts of Intel or revive its interest in a full acquisition at a later date. Last week, Qualcomm announced plans to diversify its business and generate additional revenue. However, the CEO stated that no large acquisition is necessary to meet the revenue goal.