Qualcomm has been trying for months to break up the CPU market duopoly of Intel and AMD. The company has used Intel’s recent troubles to acquire the struggling chipmaker’s business. However, the stock has gone down over 18% in the last 3 months.

Reports suggest that Qualcomm will wait until after the US presidential election to decide whether to make an acquisition offer for Intel. Any transaction affecting Intel's business operations is likely to undergo strict scrutiny by the US government,

Qualcomm's interest in acquiring parts of Intel was piqued by a desire to expand its product range. The company was particularly interested in Intel's PC segment. However, these plans have been temporarily shelved until there is more certainty regarding the US political landscape post-election.