Strategic missteps and the artificial intelligence boom have combined to reshape the fortunes of the U.S.’s most storied semiconductor company.

Although discussions are still in the early stages and no formal offer has been made, the potential merger deal between Intel and Qualcomm has generated significant interest due to its implications fo

Qualcomm Inc. has approached Intel Corp. to discuss a potential acquisition of the struggling chipmaker, people with knowledge of the matter said, raising the prospect of one of the biggest-ever