Qualcomm has approached the once-dominant chipmaker Intel for a potential buyout, turning the spotlight on the portfolio of products these chip companies have to offer.

That change sees momentum shifting from the traditional PC market that Intel powered, towards a market that's more power efficient and mobile. That's seen Qualcomm entering the PC space in the big way with hardware like Snapdragon X Series, while Intel attempts to compete with its latest Intel Core Ultra Series 2.

Doubts about the Qualcomm-Intel deal stem from uncertainty over how Intel's manufacturing fits into Qualcomm's design focus.