Chipmaker Qualcomm Inc (QCOM.O) said on Wednesday that it would conduct a strategic review that may result in the company being broken up.

The company also announced plans to cut spending by about $1.4 billion and cut its full-time workforce by 15 percent.

Qualcomm also said it may return capital to shareholders.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Simon Jennings)

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