Intel stock climbed 4.6% in the previous market on Tuesday: What happened? – Broadcom (NASDAQ: AVGO), Intel (NASDAQ: INTC)

Shares Intel Corporation INTC In relation to reaching an agreement Broadcom Corporation avgo and Taiwan Semiconductor Manufacturing Company TSM.

what happened: The Wall Street Journal reported on Saturday that Broadcom and Taiwan’s semiconductor manufacturing sector are considering bidding for struggling chip makers. The report notes that Broadcom has been exploring Intel’s chip design and marketing operations, while contract chip maker TSMC is considering obtaining some or all of Intel’s chip manufacturing facilities through investor consortiums or other arrangements.

Intel shares have been rising after a report said the Trump administration wanted TSMC to buy a 20% stake in Intel foundry services business as part of its U.S. manufacturing plan. This investment can come in the form of cash injection or providing technology.

See: Billionaire investor Stanley Druckenmiller dumps Broadcom, Tesla, Amazon and other big tech stock bets in the fourth quarter

Why it matters: Intel’s financial struggle has led to massive layoffs and dividend suspensions. Despite 16.7% from graduation, Intel’s stock has dropped by 47% in the past year due to concerns about chipmakers’ unclear turnover strategies and efforts to gain a larger share of profitable AI market share.

Investors feel optimistic after the vice president JD Vance At a recent AI conference in Paris, the Trump administration plans to implement measures to ensure that AI chips are designed and produced in the United States

The struggling chip maker is currently looking for a new CEO and is working to launch new products and use the 18A manufacturing process technology node to achieve stable production.

Image via shutterstock

Disclaimer: The content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.