Intel could sell its foundry and chip design segments to TSMC and Broadcom. TSMC would extend its lead as the world’s largest contract chipmaker. Broadcom would further expand its diversified chipmaking business.
Intel (INTC) stock soars on potential TSMC (TSM) and Broadcom (AVGO) deals, but analysts warn of regulatory risks. Explore investor insights and future outlook.
Intel stock fell Wednesday, ending a massive upswing that saw the stock notch its biggest five-day gain in its history as a publicly traded company.
Not all that long ago, the prospect of chip giant Intel breaking up would have been unthinkable. But Intel’s foundry business has lost billions in recent years and Pat Gelsinger, the CEO who championed Intel’s beleaguered foundry,
The shares of Intel Corporation (NASDAQ: INTC) are trading 4.6% higher in Tuesday pre-market amid reports of a deal with Broadcom Corporation (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing Co.
Intel stock surged nearly 16% on Tuesday after a Wall Street Journal report suggested that Broadcom and TSMC were considering potential bids for the renowned chipmaker. Broadcom is said to be eyeing Intel’s chip design businesses,
Former Intel CEO Craig Barrett has criticized proposals to split the company, blaming the board for its decline and arguing that firing them and reinstating Pat Gelsinger would be a smarter move as Intel fights to regain its competitive edge against TSMC and Broadcom amid financial struggles and production delays.
Related Intel article:Here's how Ohio won a bid by Intel to build the world's largest chip factory Broadcom and TSMC are not working together, and all of the talks so far are preliminary and largely informal, the Journal added. Intel's interim executive ...