Reports suggest that any potential bid for Intel from Qualcomm won't happen until after the US presidential elections in November.

Qualcomm's interest in acquiring parts of Intel was piqued by a desire to expand its product range. The company was particularly interested in Intel's PC segment. However, these plans have been temporarily shelved until there is more certainty regarding the US political landscape post-election.

Qualcomm Inc. is likely to wait until after the US presidential election in November before deciding whether to pursue an offer to buy Intel Corp., people familiar with the matter said.