As Intel's manufacturing struggles continue, any potential deal with Qualcomm won't fix America's chipmaking dilemma.

A late-Friday report that Qualcomm recently made a "takeover approach" to Intel sent the latter company's shares higher.

The chipmaker Qualcomm has approached its rival Intel in recent days about the possibility of acquiring the slumping Silicon Valley giant, two people familiar with the matter said Friday, requesting anonymity because the talks were confidential.