Broadcom (AVGO. O) and TSMC (TSM. N) are eyeing a possible Intel (INTC. O) deal, according to the Wall Street Journal. Broadcom, which has been keeping a close eye on Intel's chip design and marketing business, has informally discussed a bid with advisers, but may bid only if it finds a partner for Intel's manufacturing operations. TSMC is already studying taking control of some or all of Intel's chip factories.
U.S. semiconductor stocks rose premarket, with Broadcom (AVGO. O) up 4.2 percent, Micron Technology (MU. O) up 2.4 percent, and TSMC (TSM. N) up 2.2 percent.
According to The Information, OpenAI is in discussions with Broadcom (AVGO. O) to develop new artificial intelligence chips.