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BUZZ-Intel rises after WSJ reports Broadcom, TSMC eye deals to split chipmaker

Reuters
Feb 18, 2025
BUZZ-Intel rises after WSJ reports Broadcom, TSMC eye deals to split chipmaker

** Intel INTC.O shares rise 4.9% premarket as TSMC 2330.TW and Broadcom AVGO.O consider potential deals that would split the U.S. chipmaking icon into two, the Wall Street Journal reported on Saturday

** Broadcom and TSMC are not working together and discussions are preliminary and largely informal - report

** Intel's interim executive chairman, Frank Yeary, has been leading discussions with possible suitors and Trump administration officials - report

** However, White House officials worry about national security implications of the TSMC deal, with the Trump administration not likely to support foreign operation of Intel's factories - report

** As of last close, INTC shares had risen 17.7% in 2025

(Reporting by Ragini Mathur in Bengaluru)

((Ragini.Mathur@thomsonreuters.com))

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