BUZZ-Intel rises after WSJ reports Broadcom, TSMC eye deals to split chipmaker

Intel INTC.O shares rise 4.9% premarket as TSMC 2330.TW and Broadcom AVGO.O consider potential deals that would split the U.S. chipmaking icon into two, the Wall Street Journal reported on Saturday

Broadcom and TSMC are not working together and discussions are preliminary and largely informal - report

Intel's interim executive chairman, Frank Yeary, has been leading discussions with possible suitors and Trump administration officials - report

However, White House officials worry about national security implications of the TSMC deal, with the Trump administration not likely to support foreign operation of Intel's factories - report

As of last close, INTC shares had risen 17.7% in 2025