Chip stock Intel (INTC), not so long ago, was the target of rumors of potential takeover, which gave shares a very nice bump at the time.

Chip designers Nvidia and Broadcom are running manufacturing tests with Intel, two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.

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Intel rivals Taiwan Semiconductor Manufacturing Co and Broadcom are reportedly exploring potential deals that could split the storied American chip giant.

Investing.com -- Shares of Intel Corporation (NASDAQ: INTC) fell 2.1% following comments from Broadcom Inc.’s (NASDAQ: AVGO) CEO, Hock Tan, indicating a lack of interest in pursuing a deal for a unit of the semiconductor giant. The market response comes after speculation that Broadcom might be looking to acquire a portion of Intel’s business.

Intel shares powered higher in early Monday trading following reports that both Nvidia and Broadcom are looking to test the chipmaker's advanced AI production techniques in what could be an early and important endorsement of its nascent turnaround plans.

Intel is making strides in its bid to become a true player in the contract chip manufacturing business. Sources familiar with the matter told Reuters that

Intel is rising on a report that two leading AI names are running manufacturing tests using its chipmaking technology.

Intel is testing its last shot at redemption. Nvidia and Broadcom are interested--but will they actually commit?

The tech giant surpassed earnings and revenue expectations for the first quarter of its fiscal 2025, with robust growth in sales of AI semiconductor solutions and infrastructure software.

During a conference call with analysts, Tan said Broadcom was ramping up production of AI chips for hyperscalers — a term that describes giant data center operators. He said the company’s custom semiconductors can be more effective in some cases than general-purpose accelerator chips, the kind of product sold by Nvidia Corp.

SAN FRANCISCO/SINGAPORE, March 3 (Reuters) - Chip designers Nvidia (NVDA.O), opens new tab and Broadcom (AVGO.O), opens new tab are running manufacturing tests with Intel (INTC.O), opens new tab ...