12:05 PM EST, 02/18/2025 (MT Newswires) -- Intel ( INTC ) shares rose more than 11% in recent Tuesday trading following a Wall Street Journal report on Saturday that Taiwan Semiconductor Manufacturing ( TSM ) and Broadcom ( AVGO ) are considering pitching deals to acquire separate pieces of Intel ( INTC ).

Citing people familiar with the matter, the report said Broadcom ( AVGO ) is interested in Intel's ( INTC ) chip-design and marketing business, while Taiwan Semiconductor is eyeing Intel's ( INTC ) chip manufacturing plants.

Taiwan Semiconductor and Broadcom ( AVGO ) are not collaborating and formal proposals have not yet been submitted to Intel ( INTC ), the report said.

Taiwan Semiconductor declined to comment, while Intel ( INTC ) and Broadcom ( AVGO ) did not immediately reply to MT Newswires' requests for comment.

Price: 25.69, Change: +2.09, Percent Change: +8.83