Intel has been playing catch-up after falling behind in high-growth areas such as mobile chips instead of PCs.
Talks are Google's first in India and part of its strategy to counter Facebook's dominance in mobile advertising.
The deal comes amid strong demand for cybersecurity technology following a spate of high-profile breaches.
Apple sold 74.8 million iPhones to achieve its best quarter ever, outselling Samsung at 73 million.
The combined chipmaking company will have a value of $40 billion, and will focus on automotive chips.
IBM to shift $4 bln in spending to its cloud, analytics, mobile, social and security businesses in 2015.
Fall in profits prompts smartphone maker to freeze wages for the first time in six years.
Google's revenue grew 15% but fell short of projections on declining online ad prices.
Fueled by iPhone sales, the tech firm posted a 30% jump in fiscal Q1 revenue to $74.6 billion.
Samsung will be responsible for around 75% of the chip production for the next iPhone, a newspaper claims.
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