Intel Stock jumps after new reports of possible Broadcom, TSMC Deals

• Intel shares rose Tuesday morning after reports on the weekend that competitors are considering Broadcom and TSMC bids for the chip maker.

• Broadcom’s offer would focus on Intel’s Chip Design Services, while TSMC is considering a deal for its factories.

• The reports follow months of similar speculation as Intel shares in 2024 bags in the midst of a troubled Turnaround plan.

Shares of Intel (Intc) jumped on Tuesday morning, the first day of trade since then New reports were emerging During the weekend the chip maker is the center of acquisition talks again.

Chip Designer Broadcom (AVGO) and Taiwan Semiconductor Manufacturing Company (TSM), the largest chip maker in the world, is each in the early stages of consideration Wall Street Journal Reported during the weekend with reference to people who are familiar with the issue.

Broadcom is considering an offer on the Intel chip design company, while TSMC is aimed at a deal for the production side, although it would be complex and expensive to re -arrange the Intel factories to make chips as TSMC usually does, the not – did not say – mentioned sources the told the Magazine.

Investopedia has not confirmed the report. Intel, Broadcom and TSMC did not immediately respond to requests for comments.

Reports of possible deals with competitors were one of the few things that lifted Intel shares in the midst of one Difficult 2024 who saw shares Is about 60%falling. The year ended with CEO Pat Gelsinger’s departure After a matte turning effort and report by Possible acquisition districts Through competitors.

Intel -shares rose earlier last week Descendantand appears to start this short trade week on a high note after the markets were Closed on Monday In the United States for the president of the president.

Shares of the chip maker rose by more than 5% in Premarket on Tuesday after the day in the last 12 months to fall. Broadcom shares had not changed much, while the American listed shares of TSMC rose less than 1% on Tuesday.

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