Intel’s board has been in talks with potential buyers and the U.S. government, The Wall Street Journal said. Former CEO Gelsinger stepped down in December.
Intel gained but a potential split of the company’s operations between Taiwan Semiconductor Manufacturing and Broadcom faces major hurdles.
Shares of Intel jumped on Tuesday morning, the first day of trading since new reports emerged over the weekend that the chipmaker is the center of acquisition talks once again.
Broadcom and Taiwan Semiconductor Manufacturing Company (TSMC) are separately exploring deals to take over parts of Intel, according to a report in The
People are impatient for Intel to get fixed, and have been for many years. Weird deal after weird deal keeps coming out of the rumor mill, and now we have
One solution being discussed is for Broadcom and TSMC to split Intel, with one part of the company focusing on design and another on production. Intel’s manufacturing division already has a degree of autonomy and reports its finances separately.
Intel’s interim Executive Chairman Frank Yeary has reportedly been holding talks with both suitors and officials from the Trump administration, who are worried about the fate of a company that is still viewed as critical to U.S. national security. Yeary has reportedly said his main focus is to maximize value for Intel’s shareholders.
Broadcom has been closely examining Intel’s chip design and marketing business, while TSMC has studied controlling some or all of Intel’s chip plants, possibly as part of an investor
The American chipmaker missed out on the generative AI boom and is now in talks with rivals to which it lost market share, according to a report from the ‘Wall Street Journal.’ Shares of Intel Corporation (NASDAQ:INTC) surged over 10% on Tuesday on the news that rivals Broadcom and Taiwan Semiconductor Manufacturing Co.
Intel's rivals Taiwan Semiconductor and Broadcom are eyeing deals that would break the U.S. chipmaker in two, the Wall Street Journal reported
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.
Intel shares jumped 9% in early trading after The Wall Street Journal reported that Broadcom and TSMC were eyeing separate deals that would break the U.S. chip maker in two. Read more:
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