Intel reportedly told Arm to jog on after an offer to buy its chip design business

Another day, another rumour of an aborted Intel buyout. Earlier this week it was Qualcomm that was said to be sniffing around the injured, wheezing chip maker. Today, it's none other than Arm, in some ways Intel's biggest competitor.

Business outlet Bloomberg reckons that Arm knocked on Intel's door offering to buy the product half of the company. In other words, the bit of the company that designs the chips and not the foundry or manufacturing facilities.

Apparently, Intel told Arm to jog on.