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Intel shares rose Tuesday morning after reports on the weekend that competitors are considering Broadcom and TSMC bids for the chip maker.
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Broadcom’s offer would focus on Intel’s Chip Design Services, while TSMC is considering a deal for its factories.
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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 new reports emerged during the weekend that the chip maker is the center of acquisition interviews 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 Intel shares lifted in the midst of a difficult 2024 in which shares fell around 60%. The year ended with the departure of CEO Pat Gelsinger after a matte turning effort and reports of possible acquisition births of competitors.
Intel -shares rose last week before they fell on Friday and seem to start a high note to start this shortened trade week after the markets were closed in the United States on Monday before the President’s Day’s day holidays.
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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