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Barchart
Amit Singh

Intel’s Breakup Buzz: Is Now the Time to Buy INTC Stock?

Intel Corporation Broadcom Semiconductor Altera Foundry Taiwan Semiconductor

Intel (INTC) stock jumped 16.1% on Tuesday, Feb. 18 fueled by speculation that the company may be splitting its business. Investors are abuzz with speculation after The Wall Street Journal revealed that semiconductor giants Taiwan Semiconductor Manufacturing (TSM) and Broadcom (AVGO) are exploring deals that could divide the chip maker into separate entities.

Broadcom is considering acquiring Intel’s chip design and marketing division, but only if it can find a partner to take over the company’s manufacturing operations. Meanwhile, TSMC is reportedly interested in Intel’s chip plants, but rather than going solo, the company would likely pursue the acquisition as part of a larger investment group or consortium.

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