The Wall Street Journal reported Friday that San Diego-based wireless giant Qualcomm has approached Intel about a possible takeover of the ailing chip maker.

This is the chipmaker's second round of layoffs over the past year, while the company recorded billions in revenue.

Known for producing smartphone chips, the company, however, has not specified which departments will be affected by the latest round of layoffs. The San Diego Union-Tribune first reported on the layoffs.

Smartphone chipset giant Qualcomm has announced that it will lay off 226 employees in San Diego later this year. The layoffs are part of the company’s business diversification strategy. Qualcomm’s upcoming layoffs of hundreds of workers in the region were announced in a California Worker Adjustment and Retraining Notification (WARN) notice.