Intel Shares Surge on Potential Acquisition Talks with Broadcom and TSMC

Reported 3 days ago

Intel's stock rose sharply following reports that competitors Broadcom and TSMC are considering bids for the chipmaker. Broadcom aims to acquire Intel's chip design services, while TSMC is interested in its manufacturing facilities. This news is a positive turn for Intel, which experienced a significant drop in shares over the past year amid struggles and CEO changes.

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