Qualcomm has in recent days approached Intel to explore a potential acquisition of the troubled chipmaker, a source familiar with the situation said on Friday, in what could be a transformational deal in the sector but faces many hurdles.

However, the WSJ reports that a deal is "far from certain," according to sources familiar with the matter. Intel may or may not be receptive to the deal, which makes sense when you consider Qualcomm could tear Intel apart by selling assets or part of the company to other buyers.

A new report claims Qualcomm has recently approached Intel about a possible company takeover, although the deal is far from certain.