Qualcomm is breaking out of the traditional mobile handset market and looking to expand its portfolio.
According to reports the company is in talks to buy Atheros Communications, a manufacturer of chips used for wireless communications.
The New York Times spoke to anonymous sources, which said that the deal between the pair could be announced within days. However, they said details had to be finalised and warned that the deal could still fall through.
The pair have been whispering about a deal back in the autumn, but Qualcomm has also had other things on its mind. Namely the sale of its wireless spectrum to AT&T for $1.93bn last month.
And Qualcomm hasn't stopped there. It's also announced that it is building a factory in Taiwan to produce display panels used in mobile phones and electronic readers, as we reported earlier this week.
The new plant, which is located in Hsinchu in northern Taiwan, will use the new power-saving Mirasol technology that allows reading under sunlight.