Key Takeaways A late-Friday report that Qualcomm recently made a "takeover approach" to Intel sent the latter company's shares higher.Investors in Intel have read a raft of reports about possible M&A activity this week,

Intel stock surged late Friday after The Wall Street Journal reported that Qualcomm had approached Intel about a takeover in recent days. The Journal story cited people familiar with the situation. Intel and Qualcomm didn’t immediately respond to a request for comment on the report.