financetom
Business
financetom
/
Business
/
Broadcom, TSMC eye possible Intel deals to split storied chipmaker, WSJ reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Broadcom, TSMC eye possible Intel deals to split storied chipmaker, WSJ reports
Feb 15, 2025 6:36 PM

(Reuters) -Intel's ( INTC ) rivals Taiwan Semiconductor Manufacturing Co ( TSM ) and Broadcom ( AVGO ) are each eyeing potential deals that would break the U.S. chipmaking icon in two, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

Broadcom ( AVGO ) has been closely examining Intel's ( INTC ) chip-design and marketing business, the Journal reported, adding that the company had discussed a potential bid with its advisers but would likely only proceed if it found a partner for Intel's ( INTC ) manufacturing business.

Separately, TSMC has studied controlling some or all of Intel's ( INTC ) chip plants, potentially as part of an investor consortium or other structure, the report said.

Broadcom ( AVGO ) and TSMC are not working together, and all of the talks so far are preliminary and largely informal, the Journal added.

Intel ( INTC ), Broadcom ( AVGO ) and TSMC did not immediately respond to Reuters requests for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MINISO Group Q3 Adjusted Earnings, Revenue Increase
MINISO Group Q3 Adjusted Earnings, Revenue Increase
Nov 29, 2024
04:14 AM EST, 11/29/2024 (MT Newswires) -- MINISO Group Holding ( MNSO ) reported Q3 adjusted earnings Friday of 2.20 Chinese renminbi ($0.31) per diluted American depositary share, up from 2.04 renminbi a year earlier. A single analyst polled by FactSet expected 2.23 renminbi. Revenue for the quarter ended Sept. 30 was 4.52 billion renminbi, up from 3.79 billion renminbi...
Shiseido profit outlook squeezed by China downturn, president says
Shiseido profit outlook squeezed by China downturn, president says
Nov 29, 2024
TOKYO (Reuters) - Japanese cosmetics maker Shiseido Co ( SSDOF ) downgraded its profit outlook for the next two years on Friday, after a downturn in sales to Chinese consumers. Shiseido ( SSDOF ) joins other luxury brands such as Cartier-owner Richemont and Gucci-owner Kering that have been hurt by slowing growth, increased competition and weaker consumer confidence in the...
Market Chatter: HSBC to Wind Down Credit Card Business in China
Market Chatter: HSBC to Wind Down Credit Card Business in China
Nov 29, 2024
04:17 AM EST, 11/29/2024 (MT Newswires) -- HSBC ( HSBC ) is retreating from its credit card business in China, ending new card issuance and planning to wind down most operations, Reuters reported Friday, citing unnamed sources with knowledge of the matter. The move comes after the company struggled to expand and achieve profitability in the Chinese market and amid...
BW LPG Takes Delivery of Gas Carrier
BW LPG Takes Delivery of Gas Carrier
Nov 29, 2024
04:25 AM EST, 11/29/2024 (MT Newswires) -- BW LPG ( BWLP ) said Friday it has taken delivery of one of the very large gas carriers that it announced it was acquiring in August. With the delivery of the vessel BW Levant, five of the 12 carriers have now been delivered, the company said. BW LPG ( BWLP ) also...
Copyright 2023-2026 - www.financetom.com All Rights Reserved