Intel stock surges on report of Broadcom, TSMC exploring deals that would split up chipmaker
Published On Feb 18, 2025, 10:29 AM
Intel's stock surged over 10% following reports that Broadcom and TSMC are exploring potential deals to split Intel into two companies. This follows Intel's struggles with its manufacturing business, which struggled to gain outside customers despite launching a foundry in 2022. Analysts suggest that separating Intel's product division from its foundry division could unlock significant value. Reports indicate that Broadcom may bid for Intel's product business while TSMC might look to control some of Intel's factories as part of a consortium. Despite these developments, Broadcom's stock fell by over 3%.
Stock Forecasts
INTC
Positive
Given the strategic discussions around splitting Intel and the potential to unlock shareholder value, investor sentiment for Intel is likely to remain positive in the short term. This could lead to a further appreciation of Intel's stock price as market analysts and investors speculate on the successful execution of these potential deals.
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