Reported 2 days ago
Intel's stock surged 16% on Tuesday, marking its biggest one-day gain since March 2020, following reports that Broadcom and TSMC are exploring potential divestitures involving the chipmaker. Over the past five days, Intel shares have increased by 38.5%, the highest in the company's history. This surge comes after Intel's struggles in the semiconductor market led to interest from potential acquirers, including Qualcomm and Arm, and speculation about splitting its product and foundry divisions to unlock value.
Source: YAHOO