Intel (INTC, Financial) experienced a significant stock price increase, rising as much as 11% to $26.24, marking the largest single-day gain since late October 2023. The stock eventually settled with a 9% increase. Recent reports have fueled this surge, suggesting that Taiwan Semiconductor Manufacturing Company (TSM) has been in discussions about operating Intel's U.S. facility and potentially obtaining a controlling stake in a joint venture.
Additionally, Broadcom (AVGO) has reportedly engaged in informal talks with advisors to explore the acquisition of Intel's chip design and marketing division. These strategic moves and potential business arrangements have sparked investor interest, leading to the notable rise in Intel's stock.
