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.
On February 16, according to the Wall Street Journal, Broadcom (AVGO. O) and TSMC (TSM. N) are each eyeing a potential deal that could split Intel (INTC. O) in two, according to people familiar with the matter. Broadcom has been keeping a close eye on Intel's chip design and marketing business and has informally discussed a bid with advisers, but may only bid if it finds a partner for Intel's manufacturing operations. Broadcom has not submitted any documents to Intel. TSMC has been looking into ...
U.S. chip stocks rose, with ASML (ASML. O) up more than 3 percent, Broadcom (AVGO. O) up more than 5 percent, TSMC (TSM. N) up 2.8 percent, and Arm (ARM. O) up about 2 percent.
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.
Broadcom said that the non-artificial intelligence (AI) chip business has generally bottomed out; artificial intelligence demand is strong and will continue to grow; artificial intelligence revenue is expected to record strong growth in fiscal 2025.
According to The Information, OpenAI is in discussions with Broadcom (AVGO. O) to develop new artificial intelligence chips.