Intel (INTC) is facing tough times as it struggles to keep up with competitors AMD (AMD) and Nvidia (NVDA) in the AI chip market. As a result, some surprising rumors are starting to circulate. One such story suggests that Qualcomm (QCOM) has approached Intel with a buyout offer.

When asked about this rumor, reported by the Wall Street Journal, an Intel spokesperson chose not to comment to Yahoo Finance. However, this deal seems unlikely for several reasons— with regulatory hurdles being the biggest.