Shares of Intel Corporation rose over 10% as rumors emerged of Broadcom and TSMC discussing plans to split the struggling semiconductor giant's business. Once a leader in the industry, Intel has faced significant challenges, losing nearly 60% of its stock value in the previous year. Broadcom is interested in Intel's design and marketing segments, while TSMC is considering investments in Intel's manufacturing operations. These discussions reflect a broader industry trend of focusing on either chip design or manufacturing, in part influenced by recent governmental actions to protect American chip technologies.
According to the Journal report, Broadcom is interested in Intel's chip-design and marketing business, if it finds someone to partner with Intel's manufacturing business.
Splitting up Intel would have been unthinkable in its heyday when it dominated the processing business, but the split is in line with recent industry trends toward either manufacturing or designing chips.
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