Intel share price gains over 10% after rivals TSMC, Broadcom eye potential split deals; stock up 18% YTD
Intel share price: Intel rose over 10 per cent on Tuesday, February 18, after a report over the weekend said rivals Taiwan Semiconductor Manufacturing Co and Broadcom was each eyeing potential deals that could break the chipmaking icon in two. Intel Corp. gained as much as 11% on speculation that the iconic chipmaker could be broken up in a deal involving Taiwan Semiconductor Manufacturing Co. and Broadcom Inc.
TSMC has discussed the idea of operating Intel’s US factories and owning a controlling stake in the venture, Bloomberg News reported last week. Broadcom, meanwhile, has held informal talks with advisers about making a bid for Intel’s chip-design and marketing business, the Wall Street Journal said.
The reports gave fresh life…
