Intel (INTC) stock jumped 16% Tuesday following a report that its rivals Broadcom (AVGO) and TSMC (TSM) are exploring potential deals with the chipmaker that would split it into two. The Wall Street Journal reported late Saturday that Broadcom (AVGO) is considering making a bid for Intel’s product business, which designs semiconductors for computers and…
By Arsheeya Bajwa (Reuters) -President Donald Trump’s administration may not support Intel’s U.S. chip factories being operated by a foreign entity, a White House official told Reuters. The comment was in response to a Bloomberg report that Taiwan’s TSMC, the world’s biggest chipmaker, was considering taking a controlling stake in Intel’s factories at Trump’s request….
Shares of Intel (NASDAQ: INTC) were up by 8.4% as of 1:45 p.m. ET Thursday after having gained as much as 10.5% earlier in the session. At the time, the S&P 500 was up by 0.5% and the Nasdaq Composite had gained 0.8%. Reports came out Wednesday that the semiconductor giant, which has fallen behind…