Intel shares rose Tuesday morning following reports over the weekend that competitors Broadcom and TSMC are considering bids for the chipmaker.
Broadcom’s bid would focus on Intel’s chip design services, while TSMC is considering a deal for its factories.
The reports follow months of similar speculation as Intel shares slumped in 2024 amid a troubled turnaround plan.
Shares of Intel (INTC) jumped on Tuesday morning, the first day of trading since new reports emerged over the weekend that the chipmaker is the center of acquisition talks once again.
