The Wall Street Journal reports that Broadcom and Taiwan Semiconductor Manufacturing are considering independent deals to acquire parts of Intel, potentially splitting the struggling chipmaker. Broadcom is eyeing Intel's chip design and marketing segment, while TSMC is interested in Intel's factories. These talks are in early stages and no formal bids have been made.
Broadcom and Taiwan Semiconductor Manufacturing are reportedly considering independent deals that could potentially split embattled chipmaker Intel, according to The Wall Street Journal. Intel has faced significant losses in market value as it lags behind competitors in the booming artificial intelligence sector. The Wall Street Journal, citing sources familiar with the matter, reported that Broadcom might pursue a deal for Intel's chip design and marketing business.
Meanwhile, TSMC has expressed interest in acquiring either a stake or full control of Intel's manufacturing facilities. It's important to note that no formal bids have been submitted, and the discussions remain largely informal. Intel's stock price has been steadily declining in recent years, losing billions in market value. The company struggled to keep pace with the rapid advancements in artificial intelligence that have propelled the broader semiconductor industry forward. Intel's struggles were further highlighted in their recent quarterly results, which fell short of expectations, leading to a sharp drop in their stock price. The company also announced plans to lay off 15% of its workforce, a move aimed at streamlining operations and reducing costs. While Intel's stock has experienced a rebound in recent months, gaining 32% this year following a 60% decline in 2024, the company's position in the market remains vulnerable. Broadcom's shares dipped slightly by 2%, while Taiwan Semi's shares saw a more minimal decline.
INTEL BROADCOM TSMC CHIPMAKER AI SEMICONDUCTOR TAKEOVER STOCK MARKET
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