There are also suggestions that Intel has already approached various companies that could lead a buy-out of its loss-making units.
Paul Otellini, chief executive at Intel, announced a 90-day strategic review of the company's operations in April that would identify loss-making areas of the company.
Otellini cited tough competition from rival AMD as the reason for the cost-cutting initiative.
According to sources close to the negotiations Intel is expected to make an announcement of its review in July.
BT wants to make the public switched telephone network history within eight years
Personal data being purloined by third parties via Facebook Login API
MacOS and iOS are better off apart, says CEO Tim Cook
Or they'll no longer be entitled to updates and bug patches