Published on 18 Feb 2025 on Benzinga
Intel Stock Climbs 4.6% In Tuesday Pre-Market: What's Going On? - Broadcom...
The shares of Intel Corporation INTC are trading 5.38% higher in Tuesday’s pre-market amid reports of a deal with Broadcom Corporation AVGO and Taiwan Semiconductor Manufacturing Co. TSM.
What Happened: The Wall Street Journal reported on Saturday that Broadcom and Taiwan Semiconductor Manufacturing are contemplating bids for portions of the struggling chipmaker. The report states that Broadcom has been exploring Intel’s chip design and marketing operations, while TSMC, a contract chipmaker, has considered acquiring some or all of Intel’s chip manufacturing facilities through an investor consortium or a different arrangement.