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.
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