Intel (Intc) -stock rose on Tuesday by 16% after a report that his rivals Broadcom (AVGO) and TSMC (TSM) investigate potential deals with the chip maker that would split it into two.
The Wall Street Journal reported that on Saturday Widthcom (AVGO) is considering making an offer for the product company of IntelThose semiconductors for computers and servers designs. The magazine, which people who are familiar with the issue, said that TSMC looked at the control of some or all Intel factories, possibly as part of an investor consortium. The companies have not submitted deals to Intel, and the conversations are for the time being and informal, the magazine wrote.
Broadcom shares fell by almost 2% on Tuesday, while the US listed by the US declined less than 1%.
Intel’s 16% profit Tuesday was the biggest leap of one day since March 2020. The Surge has set up the shares in the last five days by 38.5%, the biggest profit in the company’s history as a public company.
Close: February 18 at 16:00:01 pm Est
Intc AVGO TSM
Intel -Supply has been in a tear last week. De Stock has picked up its biggest weekly profit since 2000 last Friday, because the US indicated the support for domestic chipping and reports that the US government was reportedly in conversation with TSMC to support the Turnaround efforts of Intel.
The production company from Intel mainly makes chips for itself (the product activities of Intel) but opened a foundry with other words, began to adopt external customers-in 2022 under the guidance of the then CEO Pat Gelsinger. Gelsinger had insisted on launching a Foundry-Business with Taiwan’s TSMC in an attempt to rectify the wrestling production division of Intel, which had suffered setbacks since the middle of 2010.
The Turnaround effort has not been successful so far, since the Intel production company has had difficulty hiring external customers and continues to bleed in cash. The income from Intel disappointed investors in 2024 and the share fell around 60%last year. Gelsinger was dropped off by the Intel board in December. The company has become an acquisition goal and the interest rate of Broadcom and TSMC follows reports of Potential acquisitions by Qualcomm (Qcom), Arm (Arm), and Apollo Last year.
Wall Street analysts have preferred Intel who splits his company into two. Raymond James analyst Srini Pajjuri wrote on Monday in a note to investors: “In our opinion, the splitting of Intel product and the foundry is the key to unlocking value.”
Intel Announced plans last year to set up an independent subsidiary for its foundry activitiesSeparating his finances and activities of his product division. Analysts looked at the move while the company cleared the road for a potential split.