Broadcom and Taiwan Semiconductor are reportedly interested in Intel
Shares of semiconductor giant Intel Corp (NASDAQ:INTC) stock are experiencing a significant surge following reports that the chipmaker is once again at the center of acquisition talks. According to the Wall Street Journal, Broadcom Inc (NASDAQ:AVGO) and Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) are both exploring bids that could potentially lead to a breakup of Intel.
Broadcom is reportedly eyeing Intel’s chip design unit, while TSM is considering acquiring its manufacturing operations. However, restructuring Intel’s factories to align with TSM’s processes could be a complex and costly endeavor. If these acquisitions go through, they could significantly reshape Intel’s business model and competitive positioning in the semiconductor industry.
Intel Stock Surges on Acquisition News
Following the acquisition reports, Intel stock was last seen 9.6% higher at $25.87, marking its best trading day since October 2022. INTC has enjoyed an impressive start to 2025, boasting a 28.6% year-to-date gain and reaching its highest level since early November 2024.
The equity is seeing higher-than-usual intraday options volume, with 833,000 calls and 267,000 puts traded so far -- 3 times the amount typical for this point in trading. New positions are opening at the most popular contract, the February 26 call.
Broadcom and Taiwan Semiconductor Stock Movements
Broadcom stock is moving lower, last seen down 2.8% at $226.37. The security recently fell below key support at the $230 level and is now down 2.1% in 2025. AVGO maintains long-term strength, however, up 82.2% over the past 12 months.
Taiwan Semiconductor stock was also last seen lower as well, down 0.8% at $202.29. Despite the minor dip, TSM maintains a 2.4% year-to-date lead and a robust 59% increase over the past year. The stock continues to find support around the $200 level and remains within reach of its all-time high of $226.40, set on Jan. 24, 2025