(Reuters) – Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Intel’s shares reversed course to rise 5.9%, while Qualcomm fell 3.5% in afternoon trade.
Qualcomm and Intel did not immediately respond to Reuters requests for comment.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shounak Dasgupta)
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